Media playback is unsupported on your device

Barclays boss Antony Jenkins: 'We have to be competitive on pay'

11 February 2014 Last updated at 13:29 GMT

Barclays chief executive Antony Jenkins has explained why the bank paid more in bonuses last year, despite a fall in profits.

The bank's total bonus pool for 2013 rose by 10% from 2012 to £2.38bn while adjusted pre-tax profits fell to £5.2bn.

Mr Jenkins told BBC business editor Robert Peston: "We have to be competitive on pay and we have to pay for performance."

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.