Barclays will consider cutting bonuses as penance for the cost of its £1bn fine for misselling loan insurance. Chief executive Bob Diamond told MPs on the Treasury select committee: ‘We are taking into account that impact in our remuneration.’ He said executives responsible for PPI mis-selling had all left the bank, but recognised the fine was ‘expensive’ and should feature in remuneration committee discussions. Diamond displayed characteristic defiance when quizzed on the broader pay environment. ‘I was looking forward to a discussion on the Independent Commission on Banking and its report and we’re....Read more HERE