Results tagged “Bank of England”

Barclays Bank has reiterated its commitment to lending in the UK after announcing pre-tax profits of £5billion for first nine months of this year.

The Canary Wharf-based bank saw its profits rise by 18 per cent on the same period last year, while profits for the quarter were up to £2.4billion.

The fallout from the banking crisis has thrown the industry's problems into stark relief, not least regulation.

The British Government has vowed to crack down on the return of excessive bonuses and risky practices that precipitated the credit crunch, but implementing tighter unilateral regulation could be difficult.

The City of London was cleaning up this morning after yesterday's mass demonstrations.

Protesters were thin on the ground, with teams of cleaners most in evidence as they scrubbed graffiti off landmarks like the Royal Exchange and Bank of England.

BARCLAYS and HSBC are among the UK banks who have signed up to a rescue package drawn up by the Government.