Debt keeps weighing on banks
(24 August 2009 – Australia) In a third quarter trading update Westpac reported steady profits from last quarter, once again pulled back by bad debts.While the unaudited trading […]
(24 August 2009 – Australia) In a third quarter trading update Westpac reported steady profits from last quarter, once again pulled back by bad debts.While the unaudited trading […]
(12 August 2009 – Australia) A rise in impairments has stalled a positive operating performance by CBA, with full year profit coming in seven percent less than last […]
(12 August 2009 – Australia) The latest full financial year result for Bendigo and Adelaide Bank has shown the tough battle that regional banks are in to grow […]
(12 August 2009 – UK) The latest results of UK banking giant, Lloyds, recorded both a £6 billion (A$11.9 billion) profit and a £4 billion loss, with the […]
(11 August 2009 – UK) The half year results of two of the UK’s big banks has shown that while bad debts are still having an affect on […]
(5 August 2009 – Australia) HSBC Bank Australia has reported solid growth in profit for the first half of the year, reporting a nine percent rise in pre-tax […]
(29 July 2009 – Europe) Second quarter profits for Germany’s biggest bank, Deutsche Bank, shot up 67 percent to EUR 1.1 billion (A$1.9 billion), adding to the proof […]
(27 July 2009 – USA) Morgan Stanley has missed the trend for second quarter profits by big American banks, with a loss of US$159 million ($A194.3 million) between […]
(22 July 2009 – USA) One off gains for two US banking giants have helped them into a second quarter profit, but both are still busy repairing their […]
(21 July 2009 – USA) US investment bank, JPMorgan Chase, has followed in the footsteps of its competitor, Goldman Sachs, and released a solid second quarter profit result […]