Critical Week Ahead for Bank Reporting

Summary


FIGURES are due from three of Britain's major banks this week as the UK third quarter earnings season gets under way.

Better-than-expected overall results from their US counterparts have raised hopes for a robust quarter as the trend for sharply lower bad debt losses is expected to be mirrored on this side of the Atlantic.

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Critical Week Ahead for Bank Reporting

But the recent Basel III rules forcing banks to put aside more cash in reserve has raised the issue of capital requirements, with Standard Chartered's move to tap...

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