STAFF cuts, coupled with growth in Hong Kong and other key Asian markets, have put Standard Chartered on track for record profits in the first half of this year, up over 10% on a year earlier.Read
MINISTERS’ demands for banks to show restraint in this year’s bonus round look set to be defied by taxpayer-backed Lloyds, with a £2m award for its chief executive.Read
BANK of England Governor Mervyn King will face questions on bankers’ bonuses and tax evasion, as well as a boycott by a leading trade unionist, when he addresses the TUC Congress today.Read
THE Co-operative Group reported a 17% rise in half-year profits, but warned trading conditions would remain challenging until at least the end of next year.Read
The head of US banking giant JP Morgan harboured hopes of a "strong recovery" today after the group posted a 54% profits hike for the first three months of 2010.Read
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