Barclays

SOCIAL MEDIA

There were fiery exchanges at Barclays' AGM today, as shareholders grilled CEO Bob Diamond over his pay packet, the PPI mis-selling scandal, and the value of the bank's shares.

Some Barclays shareholders are expected to vote against the pay of its top executives at the bank's annual general meeting on Friday.

Barclays has seen its payment protection insurance (PPI) exposure rise by £300m in an indication other banks may also face higher bills for the mis-selling of the insurance.

Adjusted profits at UK lender Barclays surged by over a fifth in the first quarter of 2012, well above expectations.

Barclays has bowed to pressure from shareholders ahead of its AGM by putting a new clause into boss Bob Diamond's bonus package which could cut his payout in half.

BONDS AND RISK

STRUCTURED PRODUCTS

Barclays has launched a structured products service allowing financial advisers to tweak its product suite to suit the needs of clients.

The Association of British Insurers (ABI) has joined the shareholder revolt over Barclays chief Bob Diamond's £17.7m pay deal.