State-rescued Royal Bank of Scotland axed 1,400 more positions on Thursday, taking the total number of job losses close to 40,000 since its vast state bailout at the height of the global financial crisis.
National Australia Bank posted a 22.8 percent spike in first-half net profit Thursday on the back of higher revenue from personal and wholesale banking, a result that met expectations.
National Australia Bank posted a 22.8 percent jump in first-half net profit Thursday on the back of higher revenue from personal and wholesale banking.
British supermarket chain Sainsbury's on Wednesday announced a rise in annual profits and said it was taking full control of the group's banking unit after buying the stake held by bailed-out Lloyds Banking Group.
French bank Credit Agricole SA raised net profit by more than half in the first quarter, it said on Tuesday, noting that it had cleaned up its balance sheet at the end of last year.
French banking giant Societe Generale said on Tuesday it planned to cut costs by 900 million euros ($1.2 billion) by 2015 after announcing a 50-percent drop in first-quarter profits.
The biggest French bank, BNP Paribas, on Friday said net profit slid by 44.8 percent in the first quarter hit by poor investment bank revenue and a sluggish economy in Europe.
Swiss banking giant UBS reported Tuesday a slight drop in its first quarter net profit, but nonetheless easily beat market expectations due to an influx of fresh cash.
Australia and New Zealand Banking Group on Tuesday reported half-year net profit of Aus$2.94 billion (US$3.04 billion) aided by a strong Asian showing.
Dutch brewer Heineken announced Wednesday a first quarter profit that was 36 percent higher on an annualised basis at 227 euros ($295 million), while amending its 2013 growth outlook to reflect weaker demand in Europe and Nigeria.
Thursday, May 16, 2013
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