Barclays profits slump by a third in first half of 2008
London - Britains Barclays bank Thursday reported a 33-per- cent drop in pre-tax profits for the first half of 2008 as a result of the credit crunch. The bank made a pre-tax profit of 2.75 billion pounds (5.5 billion dollars) in the six months up to...

[ Published on : Mon, 18 Aug 2008 08:34 ]

Britains Northern Rock reports heavy six-monthly losses
London - Britains Northern Rock mortgage lender, which was nationalized in the wake if the credit crisis, reported losses of 585 million pounds (1.17 billion dollars) Tuesday for the first six months of 2008. The Newcastle-based bank, which was take...

[ Published on : Mon, 18 Aug 2008 08:34 ]

Britains Northern Rock feels pain of recovery - Summary
London - Britains nationalized mortgage lender Northern Rock unveiled massive half-yearly losses of 585 million pounds (1.17 billion dollars) Tuesday, prompting a government pledge to inject a further 3 billion pounds of taxpayers money into the ai...

[ Published on : Mon, 18 Aug 2008 08:34 ]

Royal Bank of Scotland reports steep six-month losses - Summary
London - Royal Bank of Scotland (RBS) Friday became the latest British bank to mark the first anniversary of the credit crunch with dismal figures, reporting a pre-tax loss of 691 million pounds (1.38 billion dollars) in the first six months of 2008....

[ Published on : Mon, 18 Aug 2008 08:34 ]

British mortgage lender sees profits almost wiped out
London - A British mortgage lender due to be taken over by Spanish banking giant Santander reported a staggering 99-per-cent drop in pretax profits Friday for the first six months of this year. The Alliance & Leicester (A&L) bank, which last month se...

[ Published on : Mon, 18 Aug 2008 08:34 ]

HSBC reports falling profits in tough first half of 2008
London - Britains HSBC bank Monday reported a 28-per-cent drop in pre-tax half-yearly profits to 10.2 billion dollars (5.2 billion pounds) as a result of the toughest conditions in financial markets for decades. The leading international bank said ...

[ Published on : Mon, 18 Aug 2008 08:34 ]

Royal Bank of Scotland reports massive half-yearly profit slump
London - Britains Royal Bank of Scotland (RBS) Friday reported a pre-tax loss of 691 million pounds (1.38 billion dollars) in the first six months of 2008 which experts said was one of the biggest losses in British banking history. RBS, Britains se...

[ Published on : Mon, 18 Aug 2008 08:34 ]