Barclays pre-tax profit slumps to £246 million in 2012

General view of a branch of Barclays bank in Leicester
Barclays has revealed its full year results for 2012. Credit: Joe Giddens/PA Wire

Barclays has announced pre-tax profits slumped to £246 million in 2012 from £5.9 billion a year earlier.

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Barclays to cut 3,700 jobs

Barclays has said it will cut 3,700 jobs after pre-tax profits slumped to £246 million in 2012 from £5.9 billion a year earlier.