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Barclays has reported a 25% fall in first quarter pre-tax profits to £793 million, down from £1.1 billion a year earlier.
The banking giant has been hit by tough trading in its investment banking arm.
Barclays also announced talks with AnaCap Financial Partners to sell its 74-branch business in France as boss Jess Staley continues to overhaul the lender.
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Barclays has reported a 2% fall in annual underlying pre-tax profits to £5.4 billion.
Barclays is closing investment banking units in Australia and Russia, as well as in Asian countries such as Indonesia and Thailand, as part of some of the deepest cuts by any bank in recent times.
According to an internal memo sent to staff today, the London-based lender is also cutting its onshore markets coverage in Brazil and cash equities sales and execution businesses in Central Europe, the Middle East and North Africa.
The changes are part of a review of global operations.
The memo also showed that Barclays is exploring exiting its precious metals business globally.
A Barclays spokesman in Hong Kong declined to comment.
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Barclays has announced a 25% rise in first half year profits just three weeks after chief executive Antony Jenkins was fired over lacklustre revenue growth.
It comes despite the bank having to pay out more than £1 billion in compensation to customers over scandals such as PPI mis-selling.
However, the bank has said it will streamline the business to ramp up growth and squeeze costs but has yet to say how they will do that.
The deputy chairman of Barclays Bank is set to leave the bank a week after chief executive Antony Jenkins was fired.
Sir Mike Rake, who has been in the post since 2012, is said to be in talks to become the new chairman of payments firm Worldpay.
ITV News' Business Editor Joel Hills said Sir Mike had "agreed in principle" to the new role "but nothing has been signed".
I understand that Sir Mike Rake has "agreed in principle" to join Worldpay but nothing has yet been signed. Departure date tbc.
I'm told it's "highly likely" Sir Mike Rake will leave Barclays unless 1) bank attempts to twist his arm or 2) Regulator (PRA) has issues.