Ian Pollard: Barclays Grovels Again

Barclays Bank PLC BARC yet another British Bank bites the dust and grovels before the US department of Justice as it is forced to agree to a huge settlement to try and escape the consequences of its past dishonesty. The bank claims a strong financial third quarter performance and earnings per share over the first […]

Lloyds – The UK Economy Is Resilient

Lloyds Banking Group LLOY produced a strong financial performance in the nine months to the 30th September with profits improved on both an underlying and on a statutory basis. Underlying profit rose by 8% and total income by 6%. The improvement continued into the third quarter which saw income rising by 8%. Statutory profit before […]

Metro Bank – Providing A Service, Does Pay

Metro Bank MTRO Cheeky little Metro Bank is giving the big bad banks a lesson in growth and has now moved into profit for each quarter of the second half. Profit before tax in quarter 3 was a tiny £0.6m, increasing to £1.5m in quarter 4. Losses for the full year shrank from £46.4m in […]

Lloyds Loses Robustness in Quarter Three

Lloyds Banking LLOY produced what it describes as a robust underlying performance during the first nine months of the year with underlying profit down by 4% and operating costs down by 2%. Statutory profit before tax surged by over 50% and earnings per share rose from 1.8p to 2.5p. Third quarter figures however could in […]