Pre (Shanghai: 600048.SS - news) -tax profits when exceptional items were excluded rose 10% to £3.54bn despite earnings at its investment bank plunging to £2.1bn, with Barclays blaming the 22% dive on "weak market conditions".
Barclays reported an after-tax loss of £1.9bn for 2017, including a tax charge of £2.2bn, half of which related to the USA as it had previously flagged.
"The investigation has been going on for a year and during that course of time I have been focused on running Barclays, I think we've made great progress and I look forward to running Barclays for a number of years to come", Staley told CNBC Thursday morning.
Barclays has been one of the banking sector's worst performing stocks of the a year ago.
British banking giant Barclays made a net loss of £1.9 billion past year as continuing PPI payments and the impact of the USA's new tax rules hit the bank's bottom line.
The Financial Conduct Authority and the Prudential Regulation Authority are investigating the American's conduct relating to the incident in 2016. However, the bank said it can not yet estimate the impact of the FCA investigation into it financial results.
FILE PHOTO: The Barclays headquarters building is seen in the Canary Wharf business district of east London February 6, 2013.
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Staley's pay of 3.88 million pounds ($5.39 million) in 2017 was 8.5 percent less than he received the previous year, Barclays said on Thursday after reporting results.
Staley has championed an aggressive push in investment banking that has so far largely failed to bear fruit. "In addition, Barclays' profits could shoot higher quickly if it can keep impairment and conduct costs down".
"We have strong plans in place to address that underperformance in 2018", Staley said.
The CEO's pay was down 8.5 percent from the previous year, while the bank also disclosed a gender pay gap of nearly 50 percent in its worldwide unit.
Barclays said Staley was awarded 1.69 million shares with a face value of nearly 3.3 million pounds as at June 23, as part of the bank's 2017-2019 long term incentive plan.
Chief Financial Officer Tushar Morzaria said that the bank had gained market share, with business down in dollar terms by 10 percent compared with 20 percent at its biggest US rivals.