Barclays' chief executive Bob Diamond was confirmed as the UK's best-paid bank boss today - despite receiving a smaller than expected £6.5m bonus for last year.
The pay-out, confirmed by Barclays in its remuneration report, is below the £9m Mr Diamond was reportedly in line to receive and includes no up-front cash.
The announcement comes weeks after the UK's biggest banks agreed to rein in bonuses and lend £190 billion to businesses this year at the end of the so-called Project Merlin talks with the British government.
Mr Diamond, who took up the top post in January, received a £250,000 base salary last year, which means his total pay package overtook his peer at HSBC, Stuart Gulliver, who received combined pay of £6.2m, including bonus.
