Banks Reveal Profits Year On From Crisis

Summary


BARCLAYS brushed aside rising bad debts to post half year profits of almost Pounds 3 billion yesterday -- less than a year after the banking system came perilously close to collapse.

Group profits were up 8% in the six months to June 30, helped by a strong performance for the bank's investment arm.

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Banks Reveal Profits Year On From Crisis

Meanwhile HSBC reported pre-tax profits of Pounds 2.98 billion for the first six months of 2009 - 51% below the...

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