In its fourth-quarter and full-year results, the United Kingdom banking group reported an attributable loss of £1.9bn for 2017, compared with a profit of £1.6bn in 2016.
Profits growth was driven by positive operating jaws, the difference between the rate of revenue growth and that of cost growth, as operating expenses decreased 5% to £15.5bn even including litigation and conduct charges of £1.2bn. "Our cost/income ratio improved and our capital position improved quite significantly, so we're fine with where the comp levels came out".
The markets division is part of Barclays Investment Bank, which saw income slide by 22% to £2bn.
Banking fees - including from M&A advisory and debt and equity underwriting - fell 7% from a year ago to £605m.
The charge was one of a number of hefty one-off costs contained in Barclays' latest results. That underperformed its big U.S. rivals, which on average reported a 19% rise in revenues. However, the bank said it can not yet estimate the impact of the FCA investigation into it financial results.
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Barclays' results last year were boosted by a reduction in costs over the year and the rise in the value of the dollar and euro against the pound.
"We feel very good about the underlying performance of all those lines", said finance director Tushar Morzaria.
Barclays posted a significant loss on its full-year 2017 profits, hit in part by the US tax overhaul and a weaker dollar. Macro and credit trading revenues fell 18% over the year, equities revenues dropped 9% and banking fees rose 9%.
Shares in Barclays were up 4.6 per cent in morning trading after it announced a 10 per cent hike in pre-tax profit for 2017 and said it would restore its full dividend in 2018.
Barclays has posted a £1,922 million attributable loss in its full year results, due to a £2.5 billion write down on its sale of Barclays Africa, £1.2 billion of conduct charges and a £0.9 billion tax charge relating to USA tax reform.