HSBC
May 11: The bank wrote off $2.4bn on its US subprime mortgage and consumer lending operations, both of which have now been closed to new business, though that was lower than in the fourth quarter of 2008
UK banks
Resources
FSA to bring banks under the one roof
The City regulator will create a new oversight team to supervise UK retail banks and global investment banks as part of a significant reorganisation
Bankers warned against ‘business as usual’
Darling promises tighter regulation
StanChart names Peace as chairman
Bischoff was the other contender for job
Bank profits were due to ‘luck, not skill’
Banks ‘seduced’ policymakers, says BoE official
RBS chief to defer part of package
Shareholders welcome Hester move
Related content and features
Results news
Barclays
May 7: Barclays said first-quarter pre-tax profit rose 15% to £1.37bn, but both it and UK rival Lloyds said impairment charges were rising as British consumers and businesses struggled to maintain loan repayments
Royal Bank of Scotland
May 8: The majority state-owned bank swung to a loss in the first quarter in spite of a jump in total income, as at the quadrupled to almost £3bn, weighing down the surge in revenues from its investment banking arm
Standard Chartered
May 5: Emerging markets bank shrugs off the global financial crisis to report record levels of income and profit in the first quarter, with wholesale banking particularly buoyant
Abbey
April 29: Santander’s UK bank says funding position benefited from acquiring Bradford & Bingley’s deposit book as well as £800m of new deposit inflows from haven seekers
Northern Rock
Mar 3: Impairments on bad loans more than trebled to £894m as mortgage arrears grew by more than 50% in the autumn, but the amount owed to taxpayers has been slashed by £18bn
Co-op Bank
April 2: The Co-operative Bank sailed through market turmoil in 2008, lifting profits by 70 per cent as depositors flocked to it for security
Lloyds Banking Group
February 27: The combined group failed to agree with the Treasury about participating in the asset protection scheme as it reported an 80% fall in pre-tax profits at Lloyds, in line with an earlier profits warning
Comment & Analysis
Standard Chartered needs Peace
John Peace is a high-calibre chairman and director. But it is telling that he was also tipped to head a very different and much simpler company J Sainsbury
Competing goals
The UK has deployed state aid to allow its banks to support large balance sheets. And, in addition, it now only has five large banks that serve consumers. The government must reintroduce competition
The cautious approach to fixing banks will not work
The financial system had to be rescued from its own mismanagement of risk. This is not going to be changed by external supervision, which would be like moving the regulatory deckchairs on the deck of the Titanic. It is going to be changed only by fixing incentives, writes Martin Wolf
Regulating banks calls for attack on inertia
Banks and regulators are in constant discussion and negotiation and tend to develop shared views and shared misjudgments, writes John Gieve
Softer landing means a delay to vulture funds’ feast
Stephen Hester, the chief executive of RBS, has given the clearest indication yet that there could be a softer landing than many feared for a property industry facing up to the reality of its £225bn of outstanding debt
Barclays chooses a risky path to growth
This is the type of newspaper article readers could see in five years if the UK bank’s resurrection of its ambition of building an investment bank is allowed to spin out of control
Concern that sheikh has called end of rally
The question some shareholders are asking is whether IPIC, the sovereign wealth fund that offloaded its entire £3.5bn investment in Barclays, has called the top of the recent rally in the shares
Chilling plausibility of bank’s ‘war game’
The holes in the UK’s strategy for dealing with the potential collapse of a big financial institution became glaringly apparent in late 2003
Lex
UK banks
From its unintended position deep within the UK banking sector labyrinth, the government is hunting for the exit signs
Barclays
News that some of Barclays’ Gulf investors are now looking to cash out of a large part of their holdings will embarrass its top brass
FSA stress tests
Britain’s lead financial regulator has lifted the veil on the scenarios it used to test the capital strength of the banks it monitors
Lloyds Bank
Lloyds shareholders’ thirst for blood will not be quenched so easily. Sunday’s decision by Sir Victor Blank, chairman, to retire begins the process
Multimedia
Bank Street
Take a walk down Bank Street and follow the fortunes of some of the world’s largest banks as they navigate the global financial crisis
Are European banks too big to fail?
Examines relative size of business and government
More stories
