Barclays has revealed a profits haul of £5.2 billion for 2013 after the banking giant took the unusual step of announcing its headline figures a day early.
The stock market disclosure came after a report in today's Financial Times that the bank was set to announce a one-third fall in operating profits to £5.17 billion, alongside a trebling in bottom-line profits to £2.86 billion.
Barclays, which is due to present its results at 7am tomorrow, confirmed that the figures were set to be £5.2 billion and £2.9 billion respectively.
The FT forecast a slight drop in income to £27.9 billion, adding that the sharp rise in statutory profit reflected lower charges on the value of its own debt.
The underlying profit figure of £5.2 billion is slightly below the consensus forecast in the City for around £5.4 billion.
The drop in profits follows a year in which it added £2 billion to its bill for customer mis-selling scandals and was forced to ask shareholders for £5.8 billion in a rights issue after revealing a £12.8 billion hole in its finances.
The review was launched in the wake of the bank's £290 million Libor-rigging fine and Mr Jenkins's appointment as successor to former boss Bob Diamond.
It has been reported that Barclays is planning to axe several hundred jobs at a senior level in its investment banking business as well as ordering staff to cut out all non-essential overseas travel to slash costs.
The group will also be pressed on branch closures, in spite of its denial of recent reports that up to a quarter of its 1,600 sites in the UK could close.