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Insight & analysis of financial world

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Don't skip your your chance of
finance1

With today's economy, it's hard to feel like you can stay on top of things. Everyone worries if can can pay your credit card bills or about the possibility of losing the job. Maybe somebody has to reduce hours of work or to choose between the services. If you lose your ...

What do you know about the mod
types of banking

Banking has changed in many ways over the centuries. The oldest forms of banking were often simple loans issued to businesses to buy their property. Once the goods were sold, the lender collected the money for the loan with interest. Today banks have diversified their services and products in order ...

What you should realize before
Finance

A chance to work at home online shouldn't be missed. If you want to earn extra income from home you should find the right business and you need to do all the important research. Due diligence is the foundation of any undertaken research and it must be applied in force ...

Your easy financial rest with
Finance

How well it would have been if all goes according to plan. You at first hand never taken a loan and if caught you would be repaid on time. Well, it never happens, otherwise you would have been living in an ideal world. However management services debt help execute your plans ...

A brief overview of foreclosur
financial

There are many properties in a stage of foreclosure or taken back by lenders at this time and a lot of buyers ask about them, because they heard that's where you can get an incredible deal. You should mention that there is much misinformation and hype out there and we ...

British banks report profits

Posted by Patrick Howard on August - 12 - 2010 0 Comment

The Royal Bank of Scotland (RBS) recently rounded off positive news released from each of the UK’s four leading banks by reporting a return to profit in the first half of this year.

HSBC, Lloyds Banking Group and Barclays Bank also reported a return to profitability in the first half of 2010.

RBS, which found itself at the centre of the economic crisis two years ago, has revealed it made a pre-tax profit of £1.14 billion between January and the end of June.

The results compare with a profit of £15 million pounds in the first half of 2009 and may suggest better times are ahead for the Edinburgh-based bank, which two years ago made history when it recorded an annual loss of £24.1 billion – the largest ever in British corporate history. Read more…