New banking tricks
Article Abstract:
Bad debts cost the 5 largest UK banks 2.25 billion pounds sterling in between Jan 1993 and Jun 1993, but has decreased by 29% since the previous 6 months. Banks have nevertheless overachieved by 30% since Aug 1992 as a result of economic development and an improvement in bad debts. It is expected that profits will be 8.4 billion pounds sterling for 1996 for the big 5. Barclays bank is performing well because of its success in the UK domestic mortgage market and its decision to abolish direct loans in Spain, Portugal and more recently France.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1993
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Japanese banks tie 500bn pounds sterling knot
Article Abstract:
The planned merger of Mitsubishi Bank and Bank of Tokyo will create the largest bank in the world, with assets of more than 500 billion pounds sterling. The new operation will benefit from Mitsubishi's strong domestic network and Bank of Tokyo's extensive international presence. It is hoped that operations will formally start on Apr 01 1996.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1995
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