"There is no plan as such," Bob Diamond said. Barclays is looking to cut EUR2 billion in costs by 2012, as it strives to boost profitability.
The London-based bank said earlier that net profit for 2011 fell 16% to GBP3 billion. Adjusted return on equity, a closely watched metric among investors and analysts, fell to 6.6% from 6.8% a year earlier, well below the bank's 2013 target of 13%.
