Fortis bank has today warned it is facing a tough time after it posted a 41% fall in first-half profits.
The Belgian-Dutch bank, which last year joined with the RBS to buy ABN Amro, said credit market turbulence and rising bad loan charges was responsible for the fall in profits.
Profits for the first half of […]
HSBC, Britain’s largest bank, has reported a 28% decline in first-half pre-tax profits to £5.1 billion ($10.2 billion).
The news from HSBC follows that from other banks including Alliance & Leicester, who last week announced that half-year profits have nearly been wiped out after taking a £209 million hit on risky assets and higher funding […]
It has come to light that not all homes being offered for sale have Home Information Packs (HIPs).
According to the president of the Law Society, Paul Marsh, some estate agents and vendors, worried about the slowdown in the property market, are delaying the completion of HIPs until a sale has been agreed.
The packs cost between […]
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There has been a flurry of British banks reporting results and last week saw Alliance & Leicester announce that half-year profits have nearly been wiped out after taking a £209 million hit on risky assets and higher funding costs.
In addition, other banks to reveal significant falls in profits include Lloyds TSB and HBOS, who […]
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