Quantcast
Menu
Save, make, understand money

News

Record profits for banks

Your Money
Written By:
Your Money
Posted:
Updated:
13/02/2006

UK banks are on course to announce another year of record profits, despite fears over a weakening housing market and concern about rising consumer bad debts.

Northern Rock, Britain’s seventh-biggest bank, has already produced results that were ahead of analysts’ expectations as the company managed to cut costs and win a bigger share of the mortgage market.

Among those expected to announce big rises in profits are Barclays and HSBC.


Tags:
Share: