LONDON (MarketWatch) � Barclays PLC Chief Executive Bob Diamond said Friday that the U.K. bank didn�t expect to launch any major drive to cut jobs in 2012.
�There is no plan as such,� Bob Diamond said. Barclays BCS � 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 8% 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%.
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