- CNTV English - CCTV News

European banks earnings beat forecasts

08-06-2010 09:02 BJT

Watch Video

Play Video

European investors can breath a sigh of relief. Banks there are posting higher-than-expected profits.

British Lloyds Banking Group recorded a return to profitability for the first time in two years. The bank said it made 1.6 billion pounds in pretax profit for the first half. Standard Chartered also struck an upbeat tone, as the British bank posted 11 percent growth in a first-half net profit.

Meanwhile, lower bad debts propelled higher-than-expected profits at Barclays, Europe's sixth biggest bank by market capitalization. The bank posted a half-year profit of over 3.9 billion pounds. While French Societe Generale announced its net profits for the second quarter have tripled from a year ago.

But some analysts are cautious, saying the banking sector is still fragile. Ongoing regulatory and economic uncertainty reined in investor optimism.

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program