Barclays has reported a fall in profits as it set aside more funds to cover potential fines for misconduct.
Statutory pre-tax profits fell 21% to £2.26bn
in 2014. The bank increased its provision to cover any fallout from a
probe into currency market manipulation by £750m to £1.25bn.Stripping out this and other provisions and charges, adjusted profits rose 12% to £5.5bn.
Boss Antony Jenkins was awarded a £1.1m bonus - his first as chief executive.
This pushed his total pay package to £5.5m for 2014.
But the bank reduced the overall pool of money allocated for bonuses by 22% to £1.86bn.
Provision for payment protection insurance (PPI) compensation was increased by £200m for the last three months of 2014, the bank said, taking the year's total to £1.1bn.
Some of the numbers revealed in its annual results support the view of the chief executive.
However, there are still some pretty major "buts".
The bank has taken a major new provision for future fines for foreign exchange manipulation - £750m.
That brings the total to £1.25bn and suggests that the American Department of Justice is limbering up to give the bank a major whack for past misconduct.
Provisions were also increased for the mis-selling of payment protection insurance.
And at the investment bank, Barclays is in what it describes as a "transition" year.
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Referring to the large amounts set aside to cover legal costs, fines and compensation, he said he was determined the bank would not make the same mistakes again.
Barclays
Last Updated at 03 Mar 2015, 13:15 GMT *Chart shows local time
In November, UK and US regulators fined six banks a total of £2.6bn for trying to manipulate foreign exchange rates.
HSBC, Royal Bank of Scotland, Swiss bank UBS, and US banks JP
Morgan Chase, Citibank and Bank of America, all fell foul of the
regulators.A separate probe into Barclays is continuing.
More than $5tn worth of currencies are traded daily in the foreign exchange markets, dwarfing the stock and bond markets.
About 40% of the world's dealing is thought to go through London trading rooms.
Mixed picture At Barclays, while pre-tax profits in the personal and corporate banking divisions rose 29% to £2.89bn, and Barclaycard profits rose 13% to £1.34bn, the investment bank fared less well.
Its profits plummeted 32% to £1.38bn in 2014 as income fell 12%, reflected in a 24% reduction in the bonus pool for staff at the business.
Chirantan Barua, senior analyst at Bernstein Research, pointed out that Barclays' investment bank - once the group's profit-driving engine room - had put in a "a much weaker performance than peers" such as Goldman Sachs and Citigroup.