British Banks

Barclays profit jumps 18%, British bank reports pre-tax profit in Q3

The British bank's pretax profit for the July-September period was 2.2 billion pounds ($2.85 billion), up from 1.9 billion a year ago and higher than the average of analysts' forecasts of 2 billion

In the news again, British daily Financial Times eyes Indian market

In its latest coming, FT focuses to get new readers and revenues in India; has a pool of 1.8 million users

RBI, Bank of England strengthen ties; ink agreement to end CCIL logjam

Move comes as a relief to UK-based banks such as Standard Chartered and HSBC

Richard Branson's Virgin Orbit files for bankruptcy, lays off 85% workforce

Virgin Orbit, the rocket company founded by British billionaire Richard Branson, has filed for bankruptcy after announcing to lay off 85 per cent of its employees.

Ukraine conflict: HSBC orders staff to drop Russian banks VTB, VEB

HSBC has little direct exposure in Russia, with its CFO telling reporters last Tuesday it has around 200 employees and annual revenues of $15 mn there, a fraction of its global income of $50 bn

HSBC says its profit tripled in 2021 to $12.6 billion, outlook 'good'

The bank sold its French retail business to American investment group Cerberus in June, marking another step in plans to focus on Asia and trim exposure to Europe and North America

British banks fund supplies to help coronavirus-stricken India

India's total coronavirus cases exceeded 18 million on Thursday

Barclays being probed by UK watchdog on accusations of spying on staff

The ICO said on Sunday a formal probe was ongoing but it could not say when the investigation would conclude

British banks set to close record 762 branches in 2017

Depriving customers of fin access, British banks to shut record 762 branches in 2017