Home>Topics>>Barclays investment bank boss cashes in $25 mln share award
Barclays investment bank boss cashes in $25 mln share award
Reuters: Financials
Wed, 20 Mar 2013
LONDON, March 20 (Reuters) - Rich Ricci, the head of Barclays' investment bank, has sold shares worth almost 17 million pounds ($25.7 million) straight after receiving them under previous deferred bonuses or long-term share awards.
Several European banks have proved their mettle amid the continent's financial turmoil and are well-positioned for long-run growth, says Janus Overseas manager Brent Lynn.