COMMENT: Banking hurdles | Spirits woes

COMMENT: Banking hurdles | Spirits woes
 

THE underlying financial health of Britain's big banks is robust as the UK economic recovery holds firm. It would translate to impressive statutory profit numbers as well if they could only get out from under a succession of hefty financial provisions for previous wrongdoing.
These range from mis-selling of payment protection insurance (PPI), where “black horse” bank Lloyds yesterday took a fresh £600 million hit, to Libor and other rate-rigging, and selling inappropriate hedging products to small businesses.
As each new scandal drops, it seems that the banks are benefiting from the UK... read more

 
1 August 2014 in Business, Views: 41
Source: Scotsman
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