State-owned bank Northern Rock has today announced losses for the 2009 year fell to £258 million, compared with £1.36 billion in the previous year.
Despite the loss, the Newcastle-based bank said it is awarding staff £14.9m in bonuses but Gary Hoffman, the chief executive of Northern Rock, is waiving...
Posted to
Finance
on 03-10-2010
Filed under: All Financial News, Economy News, savers, 2009, Banking News, losses, Northern Rock News, bad bank, good bank, bonuses, narrow, guarantee
London-based bank Standard Chartered today announced a rise in pre-tax profits - meeting analysts expectations.
The bank, which has a strong presence in Asia, said pre-tax profits in 2009 were £3.4 billion ($5.15 billion), a rise of 13% on 2008 figures.
Meanwhile, revenue was up 9% to £10.14 billion...
Posted to
Finance
on 03-03-2010
Filed under: All Financial News, 2009, Banking News, results, rise, bonuses, Standard Chartered, pre-tax profits
Europe’s largest bank, HSBC, has today said pre-tax profits fell to $7.07 billion (£4.6 billion) last year compared with $9.3 billion in the previous year.
The banking giant said loan impairments charges and other credit provisions were $26.5 billion in 2009 - a rise of 9% compared with the previous...
Posted to
Finance
on 03-01-2010
Filed under: All Financial News, Banking News, results, RBS, Barclays, Lloyds, HSBC, bonus, charity, full year, bonuses, salary, Michael Geoghegan, donate
Lloyds Banking Group, which is 41% owned by the taxpayer, has today posted a full-year loss of £6.3 billion.
Lloyds is the third major UK bank to report its 2009 results. Yesterday, Royal Bank of Scotland (RBS) posted a £3.6 billion loss, while last week, Barclays announced record profits of more than...
Posted to
Finance
on 02-26-2010
Filed under: All Financial News, HBOS, Banking News, Lloyds Banking Group, RBS, Eric Daniels, Barclays, loss, full year, bonuses