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10/02/2012
Barclays Bank Profits Fall
Barclays full year results reveal a 3% drop in profits year on year to £5.9bn.
The bank's bonus pot will be £2.15bn, down by 25%, with cash bonuses capped at £65,000.
Chief executive Bob Diamond is expected to receive a payout worth several million pounds.
Mr Diamond said in a statement: "Against a backdrop of challenging economic and market conditions, we maintained our focus. Barclays has dodged some, but not all, of the bullets which have come its way."
The bank were not satisfied with the return on equity delivered in 2011 and expect the economic and regulatory environment to continue to be challenging in 2012.
(GK)
The bank's bonus pot will be £2.15bn, down by 25%, with cash bonuses capped at £65,000.
Chief executive Bob Diamond is expected to receive a payout worth several million pounds.
Mr Diamond said in a statement: "Against a backdrop of challenging economic and market conditions, we maintained our focus. Barclays has dodged some, but not all, of the bullets which have come its way."
The bank were not satisfied with the return on equity delivered in 2011 and expect the economic and regulatory environment to continue to be challenging in 2012.
(GK)
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