Barclays and HSBC reported first-half results on Monday that showed that both UK banks have emerged as relative winners from the financial crisis. Barclays Capital’s H1 profits almost doubled to £1bn while HSBC’s global banking and markets business reported record H1 profits of $6.2bn against $2.7bn last year. Barclays, however, used the crisis to expand operations, buying part of Lehman Brothers last year, while HSBC used it to wind down its US consumer finance operation and focus on fast-growing emerging markets.

This entry was posted by Gwen Robinson on Tuesday, August 4th, 2009 at 5:03 and is filed under Capital markets. Tagged with barclays, hsbc. Edit this entry.