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One of the major banks Barclays, has just reported that they showed a profit of £3.95 billion in the first six months of 2010, a rise of about 44%. Both of the large rival banks, Lloyds and HSBC, also reported significant profits. The profits shown are chiefly the result of a drop in bad debts for [...]  The Bank of England’s decision to leave interest rates at 0.5% has spurred a slight rise in shares, with Lloyds, Barclays and Royal Bank of Scotland gaining an average of 3.5% in the past couple of days. Bank shares also rose in the EU after initial reports from the stress tests being conducted on European [...] |
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