. >> he is definitely going to be under pressure, anthony jenkins.nging down cost, getting hold of investment banking. one of the guests i will have barclays thatthat minimizes everything that is wrong about the bonus culture in britain. that is what anthony jenkins is up against. accounts, boating through directors, etc. saysnstitute of directors the bonus approved for last year is three times the amount that shareholders are getting. cable route to the top 100 ceos in the u.k. saying that high levels of pay are a dereliction of duty. three votes will be put to the floor here today. report from last year, profits jumped 30%, bonuses rose by 10%. they will probably pass. subject, what does the city make of the issue and how the ceo is handling the situation? >> in terms of how he is handling the situation, this is -- he wase the voices saying, i am in a death spiral. i have people leaving my bank. almost twice the rate i would normally see. cds were flying out the door. people began to think -- the rainmakers were saying, i am not going to get remune

investors getting set to grill anthony jenkins about bonuses and tax. live at that showdown. see you in a few minutes. ♪ >> good morning. you're watching "the pulse," live from bloomberg's european had corners in london. let's talk about the foreign exchange story. inio draghi talking amsterdam right now. making a few interesting comments about inflation. he says the situation gets worse. the lack of inflation, there might be an asset purchase program required. the rise of the euro is down to a recovery in confidence. talking about asset purchases, it is becoming increasingly part of the vocabulary of the ecb. he does say that unconventional policy might have unintended consequences. you have always got to think about the lore of unintended consequences when you are a central banker. it nearly always seems to apply. another central-bank at the moment that is really on the move, the kiwis. we see another rate rise coming through. this is one of the major central banks out of there raising rates, head of the curve on the story. maybe a surprise this time.

anthony jenkins is under pressure to improve profitability. -- those of top headlines.k to you. >> thank you. nextncing the cast of the "star wars" motion fixed or -- motion picture. they will join a fresh crop of actors. here with the details, devin leonard. i know you love everything associated with "star wars." why is this such a big deal? and jj abrams have been secretive about what is going on with episode seven. we know the script is done. they are starting production. they haven't said anything about who is going to be in it. markoke the news that hamill and carrie fisher and harrison ford were going to be in it. george lucas blurted that out in 2013. lucasfilm never confirmed that. this is the first they have done that. >> jj abrams. tell us who he is and why he decided to break his silence now. >> he is a brilliant director. he was behind "lost" and the k" movies.star tre he is very secretive. his hand was forced. word was leaking that these actors were seen. he had to come out-from it today. that is what he did. >> what does this mean? tells about the plot of

it's a big tight rope act that anthony jenkins has to follow, on the one hand making sure a huge part of its investment bank is growing and still returning money to investors. on the other hand, making sure that that investment bank is being managed safely and soundly and employees aren't being paid too much. they got out of the tax business which was a huge money spitter for barclays just a while ago. >> thank you very much for now. helia rahimi. we'll talk more later on. >>> the french government wants the nation's top bankers to justify their 2013 pay rises. what's this all about? stephan is in paris. how are they going to do that if you have to justify your pay rise? >> the new economy minister wants to organize a meeting with the top bankers to ask them about their recent pay rise. earnings rose by 38% last year, by 29% at bpc and 14% at another company. it wants to discuss it with the banking community not only because of the pay rise but he believes bankers in france are not doing their job properly. small companies have trouble to get funding for their investment, forcing them

ceo anthony jenkins is expected to see protest at the annual meeting, which kicks off shortly here in london. kick this off for us. there was a big furor about the increase in bonuses by about 10% last year, even at the same time profits fell about 30 plus percent. sets the scene for today, doesn't it? >> i think there's been a lot of controversy around barclays. this is a bank that anthony jenkins took over and promised to reform it, promised to make its investment bank come under control. we're talking about really the excessive pay, paid in bonuses. however, as you said, we saw that despite all of those pledges, that he did under the transform program, recently he awarded the bank and the investment bank in particular an increase in its bonus, that's 2.4 billion pounds, despite the fact that they seem to be doing worst than they used to be. this is at a backdrop where if you look at the dividend payout since 2008, which used to be 34, it's now 6.5, shareholders are increasingly feeling frustrated that he hasn't delivered on his promise. what we have today is the agm. there's going

will be the housekeeping stuff that goes on and the renew mexico vegas top of the agenda for anthony jenkinsbonus pool went up. the pay on policy and the e.u. bonus camp giving the ability to ay more than twice the salary. a number oven vestors have objected. whitehall, government, just up the road here, vince cable saying to the top 100 c.e.o.s in london. high pay levels is dereliction of duty. they said the bonus pool that is being paid out is three times that being paid in dividends. jenkins has rolled the dice. uped the bonus pool to hold on the talent. so goes the theory. >> on the the whole subject matter, what does the city make of this issue and jenkins' handling of this situation? >> the handling of it has been seen as being awkward and difficult. he is prepared to raise the bonus pool. a lot of that in america, a lot of it is going stateside in terms of the number of millionaires, people paid more than a million, up 12%. i think there is a general view that he set targets marked that we're going to be pretty darn tough to make. he sent a return of 11%. the business landscape has st