It is suggesting a 1 fee for a service widely acknowledged to cost about 30p. And it was revealed last month that new chief executive Matthew Barrett had been paid 1.3m for just three months' work. All this comes in the middle of an expensive TV campaign with stars such as Sir Anthony Hopkins extolling the virtues of being a big bank. One shareholder described it as grotesque. Another said the bank seemed to consider its staff a liability rather than an asset.
Staff are at the heart of our business.
Although Barclays made profits last year of 2.5bn, some shareholders tried, but failed, to block Mr Barrett's pay and perks package.