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Ex-Barclays exec Missier to get $13.6 million payoff - Sky
July 25, 2012 / 6:37 PM / 5 years ago

Ex-Barclays exec Missier to get $13.6 million payoff - Sky

(Reuters) - Jerry del Missier, who resigned as chief operating officer for Britain’s Barclays (BARC.L) bank earlier this month, will receive a cash payoff of 8.75 million pounds from the bank, Sky News reported on Wednesday.

<p>Jerry del Missier, Co-Chief Executive of Barclays Capital, speaks during the Reuters Future Face of Finance Summit in New York March 2, 2011. REUTERS/Brendan McDermid</p>

Barclays was fined a record $450 million last month by U.S. and UK authorities for manipulating the London Interbank Offered Rate, or Libor, the interest rate that underpins transactions worth trillions of dollars worldwide, between 2005 and 2009.

Sky cited “sources” for the news, giving no names. Barclays could not immediately be reached for comment.

Reporting by Mohammed Abbas; Editing by Gerald E. McCormick

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