British banks

high heels

The half year reports are out..

RBS reported £1.1 billion profits which the UK government own 84%
http://www.bbc.co.uk/news/business-10899276

Barkleys almost 5 billion

Loyds 1.6 billion

HSBC £7 billion

It looks like that these banks will be able to pay back any bail outs with in the next few years.

So how are the Irish banks doing? I cant find anything on the useless RTE website.. Will there be a lot of money going into the governments hands this winter?

Red_Marauder

We might be geographically proximate but our banking scene and our economy are enormously different to that of the UK, so to ask for any comparison in bank performance is seriously like comparing apples and oranges.

But first things first, if you look at where these profits are coming from these are neither particularly outstanding results from the British banks nor promising economic figures for the UK economy generally.
Furthermore, not all British banks are in a position to pay back bailouts because they were never bailed out. Barclays, for example, did not benefit from the Government bailout scheme.

Our banks are performing nowhere near as well as the performance of our British counterparts, but nobody would seriously be expecting that yet and it is a completely different ball game over here.

gurramok

It is ironic that the 'nearly state owned' RBS could end up owning Liverpool FC in the next month. A 'peoples' football team, who would of thunk that?

Liam Byrne

Red_Marauder wrote: »

We might be geographically proximate but our banking scene and our economy are enormously different to that of the UK, so to ask for any comparison in bank performance is seriously like comparing apples and oranges.

Not to mention the level of corruption that was involved in Anglo's dodgy financial dealings, and massive differences in the way the UK handles corruption and dodgy practices.

Red_Marauder wrote: »

Our banks are performing nowhere near as well as the performance of our British counterparts, but nobody would seriously be expecting that yet and it is a completely different ball game over here.

We should expect it, but given the roll-over-and-take-it-up-the-ass actions by Lenihan & Cowen, it's true to say that no-one expects it.

Fratton Fred

gurramok wrote: »

It is ironic that the 'nearly state owned' RBS could end up owning Liverpool FC in the next month. A 'peoples' football team, who would of thunk that?

And by rights they should liquidate it.

gurramok

Fratton Fred wrote: »

And by rights they should liquidate it.

Blasphemy!!:eek:

I see a golden opportunity for the British taxpayer in owning that club!

Fratton Fred

gurramok wrote: »

Blasphemy!!:eek:

I see a golden opportunity for the British taxpayer in owning that club!

A golden opportunity to what? Pay for a bunch of scousers to live a plush lifestyle, play football and sleep around?

We already do that thanks!!

Yag reuoY

Ireland put themselves in an impossible position by implementing the bank guarantee scheme.

It was either an outrageously stupid and shortsighted decision, or a more sinister, politically motivated ploy to transfer large quantites of tax payers' cash to powerful businessmen.

I'm going for the latter, based on how this country has operated since the inception of the 'free state'. :pac:

Tea drinker

Fratton Fred wrote: »

And by rights they should liquidate them.

:-)

OP,
you are forgetting that our banking sector propped up the biggest property bubble in the world. They always said Ireland was different - now we know what they mean.
It wasn't a bubble it was a mushroom cloud shaped humungous bubble over our country.