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(Bloomberg) -- Barclays Plc is planning to hand dozens of investment bankers no bonus as the slowdown in dealmaking forces it to cut payouts for a larger-than-usual group of its lowest performers. Most Read from BloombergBiden’s Attempt to Address Memory Issue Backfires With New GaffeA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on ChinaChina’s Property Crisis Is Starting to Ripple Across the WorldNew York City Is Considering a Laundry Pods CrackdownUkraine’s Army Chief Replaced After Rift

Barclays slashes bonuses for investment bankers as revenue slumps

Barclays recruited dozens of managing directors and directors across the banking division, moves that further depleted the bonus pool this year, frustrating bankers who stayed.

Barclays today announces that it is establishing a new Energy Transition Group, within its Corporate and Investment Bank. The new group will be responsible for providing strategic advice to clients...

Barclays Plc is establishing an energy transition team inside its corporate and investment bank, as it looks to capitalize on the shift away from fossil fuels.