UK Daily View: No news is good news at RBS
RBS says its business disposal plans remain on track
UK bank earnings
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The City reports
UK banks release quarterly trading statements inJuly and August. Banks are revealing further writedowns and capital-raising measures as the impact of the global credit crisis unfolds. Follow earnings news as it is released.
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Earnings diary
Standard Chartered
June 26: The emerging markets-focused bank reported strong first-half trading with analyst forecasts of trading profits before tax of $4.79bn
HBOS
July 31: HBOS releases earning news. In Feburary reported a sharp decline in profitability at its retail bank and a fall in its profit margin
Lloyds TSB
July 30: Lloyds reports earnings. Last time it said it saw no need to strengthen its capital base as could continue to grow despite economic slowdown
Alliance & Leicester
August 1: A&L reports earnings. In the previous qurter it revealed that the impact of the credit market downturn had cost it nearly £400m
HSBC
August 4: HSBC releases earnings news. In May it predicted the US housing market downturn could last another year and said it had set aside £3bn
Barclays
August 7: Barclays’ earnings are due. In the previous quarter it revealed a further £1.7bn of writedowns on its exposure to subprime mortgages and monoline insurers
Bradford and Bingley
August 4: Quarterly earnings are expected. In June the mortgage lender renegotiated its £300m rights issue amid concerns it would face a ‘fight with the underwriters’
Royal Bank of Scotland
August 8: RBS reports quarterly earnings. In June it confirmed its trading performance had not changed since it launched its £12bn rights issue in April
