Smaller entities, more supervision of products and transactions and the separation of retail banking from investment banking are the hallmarks of a sector that seeks to regain the confidence of savers.... Read more [+]
The British bank has received a huge amount of public aid (300,000 million Euros to insure toxic assets), which has helped the bank increase the weight of its (non-toxic) assets to 2.55 trillion Euros. Forced to part with some of its assets (insurance business, Sempra Commodities and many franchises, among others) for having taken advantage of state money, it is now looking for a new, viable, long-term business model.
No less than 2.24 trillion Euros contemplate it. Between January and September it increased its net earnings to 3,649 million Euros, four times more than in the same period of 2008.
As a sign of its strength, it has created a new group of businesses, Global Retail Banking. It has overcome the crisis and raised its assets to 2.99 trillion Euros.
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