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 ]

British Airways executives charged over fuel price-fixing
London - Britains competition watchdog, the Office of Fair Trading (OFT), Thursday brought charges against four past and present British Airways (BA) executives over price-fixing on fuel surcharges. The probe would be the first to threaten managers ...

[ Published on : Mon, 18 Aug 2008 10:57 ]

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 ]

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 ]