Barclays, BT, Lloyds, Deutsche Bank
Chief executive James Staley said the bank had made “strong progress” in the quarter towards closing its non-core businesses and dealing with historical issues.For the nine months, however, pre-tax profit dropped 10% to £2.9bn.
The bank has set aside an extra £600m to cover the mis-selling of payment protection insurance (PPI) in the third quarter. That brings the total provision over the past two quarters alone to £1bn, after £400m was put aside in the second quarter.
- Deutsche Bank defied sceptics with a 2% rise in sales in its third quarter to €7.5bn, which contrasted with gloomy expectations.The bank made a profit of €278m, against a €6bn loss in the same quarter last year.Germany’s biggest bank is still threatened with a $14bn fine.
- The Treasury has sold a further 1% of its stake in Lloyds Banking Group leaving the taxpayers’ holding at 8.99%.
- BT has revealed a 5% increase in pre-tax profit to £671m, for the three months to 30 September. The deficit in the company’s pension scheme has widened to £9.5bn, compared with the previous estimate of £6.2bn in June of this year.
- Saad Hammad has left his post as chief executive of regional airline FlyBe