Tuesday, February 15, 2011

Banks still show huge profits !!!!

Latest figures released today still show the banks paying bonuses and making very strong profits.

The question is why are they making so much profit whilst the economy is still in such a poor state.

example.

The first UK bank to report its full year results, Barclays' underlying pretax profit, excluding acquisitions and disposals, rose 11% at the group level to £5.5bn, ahead of City expectations.
The bulk of its bonuses will be paid out to its investment banking staff who were responsible for £4.7bn of the profits

The Answer - Why do you really think the banks really want you to keep your money in their accounts..........