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  • Northern Rock sees losses narrow

    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
  • Standard Chartered profits surge 13%

    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
  • HSBC posts fall in 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 posts £6.3bn annual loss

    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
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