Campaigners slam Barclays for cashing in on Israel’s genocide as profits soar
A demonstrator during a pro-Palestine protest outside Barclays Bank's British headquarters, in Canary Wharf, London, February 7, 2024
CAMPAIGNERS slammed Barclays for cashing in on Israel’s genocide in Gaza today after the bank announced its profits had jumped by a quarter.
The bank reported pre-tax profits of £8.1 billion last year, up by 24 per cent from £6.6bn in 2023, after a rebound in global investment and deal-making.
The boost saw the pay of CEO CS Venkatakrishnan more than double to £10.5 million, with his payout growing from long-term bonuses which were boosted by Barclays’ share price rise.
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