Results tagged “profits”

HSBC has again hinted it may quit the UK after claiming tighter regulation could cost $2.5billion a year.

The Canary Wharf-based bank announced a 36 per cent fall in its third quarter profits this morning, largely due to its exposure to the Eurozone debt crisis and a rise of $1million in US bad debts.

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.

Barclays has reported a fall in profits for the first six months of this year, although it still made £2.6billion.

The Canary Wharf-based bank saw its profits drop by 33 per cent from the same period last year, and warned that it intends to shed at least 1,400 jobs to cut costs.

Barclays has announced annual pre-tax profits of £6.065billion for 2010.

The figure represents a rise of 32 per cent on the bank's £4.585billion profit the previous year. Income for the group was up eight per cent to £31.44billion, while bad loan provision was down by 30 per cent.

Barclays Bank has announced half-year profits of almost £4billion.

The banking group, based in Canary Wharf, announced this morning that it had made pre-tax profits of £3.95billion - a rise of 44 per cent on the same period last year.

HSBC posted pre-tax profits of $11.1billion (£7billion) for the first six months of this year - more than double the amount it made in the same period last year.

The bank, which has its headquarters in Canary Wharf, released its figures this morning.

Barclays recorded a big jump in profits last year despite the recession.

The bank posted a year-end profit of £11.6billion before tax, an increase of 92 per cent on its 2008 figure. Most of that came from the £6.3billion sale of Barclays Global Investors and a strong performance from investment arm Barclays Capital.

Credit Suisse enjoyed a productive 2009, making a profit of 6.7billion Swiss francs last year.

The bank, which has its UK headquarters in Canary Wharf, has bounced back from a poor 2008, largely due to the strength of its private banking business and adopting a safer business model.

HSBC reported another improvement in its trading for 2009 when it published its third quarter update but did not disclose how much its profits are up.

The bank, based in Canada Square, revealed this morning pre-tax profits are "significantly ahead" of where they were for the same period last year.

Morgan Stanley has posted its first quarterly profit in a year, making $757million in the third quarter of 2009.

The bank, which has its European headquarters in Bank Street, follows near neighbour Citigroup in announcing a return to profitability in recent months.

HSBC has announced pre-tax profits in the third quarter of this year, despite writing off several billion dollars in US home loans.

The banking giant revealed it would be taking a hit on $4.3billion (£2.7billion) in loans connected to the US sub-prime housing market, which helped spark the current credit crisis when it collapsed last year.