It’s reporting season in the banking sector again: and to move with the normal madden over pay will be genuine concern over the health of the industryMost of Britain’s banks report their annual results this week in probably the most frenzied atmosphere since the financial crisis. Bank shares have plunged as investors have fretted about their financial strength,prompting Deutsche Bank and Credit Suisse to move public with reassuring comments. Britain’s banks have kept quiet and analysts will be as interested in what bosses have to say about their balance sheets as in the profits and losses – racked up last year.
HSBC kicks things off on Monday after deigning last week to remain in the UK instead of moving back to Hong Kong – though that hasn’t stopped it releasing results at the cruel hour of 4am UK time to accommodate Hong Kong. The bank’s shares, like those of its rival in Asia, or Standard Chartered,which reports on Tuesday, have been hit by concerns about emerging-market economies and gross debts.
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Source: theguardian.com