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HSBC suggests the worst is past: bank and rival Barclays post profits but strike different tones on future

Authors :
Munoz, Sara Schaefer
Fidler, Stephen
Source :
Wall Street Journal. Europe. August 4, 2009, A1
Publication Year :
2009

Abstract

Because of a 1-billion-pounds-sterling pre-tax profit from its investment-banking division, Barclays PLC's first-half net profit rose 10% to 1.9 billion pounds, while HSBC Holdings PLC suffered a 57%-decline in net profit to $3.35 billion. Article discusses both banks' share value, funding, capital rating and expected earnings for the rest of 2009.

Details

Language :
English
ISSN :
09219986
Database :
Gale General OneFile
Journal :
Wall Street Journal. Europe
Publication Type :
News
Accession number :
edsgcl.204989763