The two best-paid Barclays bankers, expected to be the co-heads of its investment banking unit, Barclays Capital, took 39% cuts in their total remuneration last year.

The UK bank this morning published its annual report, which revealed that chief executive Bob Diamond was paid £6.3m in cash and shares in 2011. He received a salary of £1.35m and a deferred share bonus of £2.7m. His pay packet has been cut by a third from the £9m he was awarded a year earlier.