Barclays bosses give up bonus after $452 million fine

27/06/2012 - 13:55

LONDON (Reuters) - Barclays said its chief executive and three other executives will waive their bonuses this year after the UK bank paid 290 million pounds ($452 million) in penalties to settle an international probe into key interbank lending rates.

BARCLAYS (BARC.LO)said it had reached settlements with Britain's Financial Services Authority, the U.S. Commodity Futures Trading Commission and the Department of Justice over a long-running probe into the setting of so-called Libor rates.

"I am sorry that some people acted in a manner not consistent with our culture and values," CEO Bob Diamond said in a statement, adding that he, Finance Director Chris Lucas, Chief Operating Officer Jerry del Missier and investment banking boss Rich Ricci have agree to forgo any bonus this year.

(Reporting by Steve Slater and Sarah White; Editing by Kirstin Ridley)