by Nehad Kenanie | Mar 10, 2017 | Financial Results, UK, Uncategorised
(10 March 2017 – United Kingdom) The Co-operative Bank has reported an annual loss of £477 million (A$769 million) in 2016 as it continued to be hit by “legacy issues” of the past and rock-bottom interest rates. The latest results are an improvement on 2015, when the...
by Nehad Kenanie | Mar 1, 2017 | Financial Results, UK, Uncategorised
(28 February 2017 – United Kingdom) Royal Bank of Scotland (RBS) reported a sharp rise in losses as higher misconduct charges and restructuring costs underscored the challenges facing the lender nine years after it was bailed out in the world's biggest bank...
by Nehad Kenanie | Feb 23, 2017 | Financial Results, Global, Uncategorised
(23 February 2017 – United Kingdom) HSBC has reported an 82 percent drop in annual net profits, blaming one-off items including multibillion-dollar writedowns in Switzerland and Brazil.The bank said that falling global trade and slowing growth in its main...
by Nehad Kenanie | Feb 22, 2017 | Asia, Financial Results, Hong Kong, Uncategorised
(22 February 2017 – Hong Kong) Hong Kong-based Hang Seng Bank reported financial results in line with market expectations.In 2016, net profit fell 41 percent to HK$16.21 billion (A$2.7 billion). The decline would be more moderate, at four percent, if discounting...
