Barclays 'unrepentant' over 'extraordinary' Diamond bonus, say MPs

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MPs have heavily criticised Barclays' defence of its bonus programme, labelling former CEO Bob Diamond's £2.7m bonus for 2011 as "absolutely extraordinary".

The chair of Barclays' remuneration committee, Sir John Sutherland, received short shrift from the Parliamentary Commission on Banking Standards as he defended the bank's practices. Commission chair...

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