Improving Profits for Banking Giants

Daily PostNovember 11, 2009

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Summary


BANKING giants HSBC and Barclays are reporting stronger underlying profits so far this year as the gulf widens with their beleaguered taxpayer-supported counterparts.

Barclays said a third-quarter haul of pounds 1.5bn helped profits more than double in the first nine months on an adjusted basis, while HSBC reported results "significantly ahead" in the quarter to September 30.

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Improving Profits for Banking Giants

The pair, which have avoided t...

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