If you were building a bank today, you would not build HSBC. Or rather, if you were building a bank today, you could not build HSBC.
Albemalre & Bond has revealed pre-tax profits fell to £4.9 million from £21.4 million for the year to end of June, on revenues of £107.1 million, down from £117.7 million, driven by a decline in gold prices.
The danger that the eurozone has entered a period of deflation was given added weight as Greece reported its highest deflation since monthly records began in 1960.
European aerospace group EADS plans to cut more than 5,000 jobs as part of a wider restructuring plan, Le Figaro newspaper reported today.
LONDON - Robert E. Diamond Jr., who was ousted as chief executive of Barclays nearly 18 months ago amid a rate-fixing scandal, is planning a banking comeback.