HSBC comes to the rescue with positive news from the annual statements; the sterling instead, seems to show investor’s cautiousness about UK’s economy.


HSBC, the Biggest bank in the UK, and in Europe, presented its results for the year 2011. The bank, different from Lloyds and RBS, had in the last year positive figures, showing profits for £13.8 bn, a growth of around 15 percent respect to 2010.
Despite this, analyst were stipulating pre-tax profits bigger than the real ones, reported in £14.1 bn, which is not bad at all, especially if compared to the other banks mentioned above,...Read More