By Daniel Hunter

A slowdown in Barclays' investment bank arm has resulted in a 3% drop in their profits for 2011.

With profits down to £5.9 billion Barclays also said that their bonus pool at the investment banking division was down 32% to £1.5 billion in 2011.

Much of the attention was on the possible multi-million pound bonus for chief executive Bob Diamond, although there was no news forthcoming for now.

"Against a backdrop of challenging economic and market conditions, we maintained our focus," said Mr Diamond.

"We are not satisfied with the return on equity we delivered in 2011 and are committed to delivering steady improvement moving forwards.

"We expect the economic and regulatory environment to continue to be challenging in 2012."

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