The Libor-rigging scandal and provisions to cover mis-selling claims for payment protection insurance and interest rate swap products mean bottom-line pre-tax profits are expected to slump from £5.9 billion in 2011 to below £1 billion.
Stripping out one-off factors, analysts expect profits of £7.18 billion for 2012, up 28% on 2011, with more than half of this expected to come from its investment banking division.
More top news
Bob and Mike Bryan said they were withdrawing from the Games over concerns for their families health.
The former boss of BHS said a parliamentary committee that investigated the closure of the stores was a 'kangaroo court'.
Those going out tonight might need an extra layer as it will be noticeably chilly.