Almost a decade after the financial crisis, and recovery for UK banks is still far off.

Lenders are lagging behind their European rivals and are not expected to close the gap for years — if at all — despite their efforts to cut costs and restructure, analysis by the FT has found. Annual profits at the UK’s five biggest banks were still running 63 per cent below their 2007 high in 2015, while profits at their European competitors were 34 per cent away from 2007’s levels.

At lunchtime the Hang Seng was down 0.81 per cent, the Nikkei was down 1.06 per cent and Australia’s ASX 200 was down 0.34 per cent. The Shanghai Composite was down 0.28 per cent and the Shenzhen Composite was down 0.12 per cent.

IG is calling European bourses to open as follows:

  • The FTSE is set to open 9 points higher at 6270
  • The DAX is poised to open 15 points higher at 10309
  • The CAC is set to open 1 point higher at 4547

The diary picks up pace on Tuesday, following a quiet start to the week (all times CET):


  • 07:00 Swedbank
  • 07:00 Safran
  • 07:20 Air Liquide
  • 07:30 Bayer
  • 08:00 BP
  • 08:00 Whitbread
  • 08:00 BAT
  • 08:00 Boohoo
  • 08:00 St James Place
  • 08:00 Carpetright
  • 10:15 StanChart
  • 17:45 TF1
  • TBA: Orange
  • TBA: Fiat Chrysler


  • 08:00 Finland unemployment rate
  • 10:30 UK home loans data from the BBA
  • 18:00 France jobseekers data
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