BARCLAYS is heading for a clash with shareholders after the Association of British Insurers labelled its bonus plans as "very close to business as usual" despite a cut in payouts to top bankers.
Barclays saw underlying pre-tax profit fall 2% to £5.6 billion after a 32% drop in earnings from its investment bank, which was hit by the fall-out from the eurozone crisis. Revenue fell 8% to £28.5bn.
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