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January 3rd, 2012 
FAKE NEWS for the Zionist agenda
By
Daily Mail Reporter
Last updated at 12:03 AM on 3rd January 2012
Britain’s biggest banks are aiming to rake in around £35billion in combined profits this year while families see their incomes squeezed in the worst downturn for almost a century.
Between them, the big five banks in the UK will earn around £137million for every working day of this year, according to City estimates collated by financial news agency Reuters.
Barclays is expected to make £7billion profit during 2012. State-supported Lloyds Banking Group is tipped to earn more than £3.3billion and Royal Bank of Scotland – also bailed out by the taxpayer – is predicted to report a gain of £4.6billion after making a £1.1billion loss in 2010.
Huge profits: Barclays are set to make £7 billion profit this year
HSBC, which has extensive operations overseas as well as on the UK high street, is forecast to make a mammoth £15.4billion and fellow international bank Standard Chartered is tipped to earn £4.6billion.
The banks will reveal their results for 2011 from next month and are expected to have made just under £30billion, around a third more than their combined earnings in 2010.
This year, they are expected to increase their collective profits by another 15 per cent.
But despite this, the banks are expected to announce a further round of job cuts over the next 12 months, adding to the tens of thousands of employees they are already cutting.
State-support: Bailed out Lloyds and RBS will also take in huge profits this year
The figures will also enrage small business owners, who complain they are still starved of credit by the banks. For bankers and traders, though, the profit bonanza is likely to trigger a fresh round of lavish bonuses, despite pledges from Prime Minister David Cameron to curb City excess.
They are expected to start receiving their awards for 2011 over the next few weeks, with an estimated £4.2billion bonus pot to be shared out.
The huge profits may also spell even richer rewards for bank chief executives, who have hauled in multi-million pound bonuses despite the economic gloom.
Curbs? Prime Minister David Cameron pledged to halt city excess
Although some top bankers waived all or part of their bonuses at the peak of the financial crisis, they are still in line for handsome sums.
Phil McCabe, of the Forum of Private Business, said: ‘These expected profit figures show that the banks are adept at making money in fair weather and foul.
‘It is a clear signal there needs to be more competition in the sector.’
He added: ‘They need to be helping firms to create jobs and to drive growth. Before they set about paying massive bonuses they should be using their profits to do that.’
The Big Four – Barclays, RBS, Lloyds and HSBC – between them control 73 per cent of personal current accounts and 78 per cent of small business current accounts.
Standard Chartered, though based in London, conducts most of its business overseas.
Despite the Government’s efforts to make the banks give credit to small and medium firms, a recent report by analysts at Citigroup found that their net lending to the sector fell by more than 3 per cent this year to £56.1billion.
It undermined claims by ministers and the banks that lending had increased – as agreed under the Project Merlin deal.
City analysts said they expect the banks’ profits from retail customers to have gone up in 2011 and to rise again in 2012.
One analyst said: ‘High Street banks face a difficult economy, but their control of the retail market shows they remain capable of generating money, even in a recession.’
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If you want your money back then get over your anger and cheer their success. They bring money in to the uk and more importantly will allow the Govt to get its cash back hopefully with a profit too.
If instead you prefer to be upset and want governments to hobble them, they will become less successful the share prices will tank and the government (you) will never get your money back.
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Why should anyone care about it? They do as they please. Get use to it.
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This is absolutely sickening, how much longer are the British people going to put up with the injustices and gross abuse of power in both or banking sector Westminster.
– Dan Miller, Rip of Britain, 3/1/2012 1:17
+++++++++++++++++++++++++++++Forever because they don’t even understand what is really going on.
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They, like any company, exist to make money. They, unlike other firms, do make money. Cutting, punishing and PERSECUTING the banking sector WILL hurt the country!! How do you expect to be able to buy a house without a mortgage?? How do you think the country can fund infrastructure projects without buying bonds?? How do you think our economy will grow without capital?? Serious, cutting off the head won’t make the body work better….IT WILL KILL IT!!
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This makes it very clear that the people who caused the recession are not the people paying for it.
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Shocker! And where will they re invest this money???? Not Britain
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What recession? We were in Brighton yesterday and there was no shortage of queues at the tills. The streets were buzzing, there were bargains galore and mostshops were raking in the dosh. Several of the small retail parks were overflowing and bars and restaurants were doing quite well.We save £20 a week this year compared to last year by buying strategically. We buy our household consumables such as kitchen towels, loo rolls, washing up liquid, washing powder and dishwasher tablets from Aldi and Lidl. We have two freezers and fill up with fresh meat with reduced stickers on. We buy most of our clothes from charity shops – I recently got two Georgio Armani shirts for £3 each, a pair of Levi jeans for £5 and a Paul Smith jacket for £10. What we don’t have are all the ‘must-have’ gadgets. We have one HD TV, one DVD recorder/player, one PC, one laptop, 2 digital cameras and two mobile phones. And still able to run two cars, enjoy our wine and eat out once a week. Spend wisely, live well.
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If this makes you sick then go to YouTube and watch “Money as Debt” and few others but this is the best one and see what is really going on and its going to get a lot lot worse
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Business is business. Try banking in Spain and see how expensive it is. Banking in the UK is cheap.
Why doen’t attention turn to the energy companies.
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And yet Virgin and “the bearded one” were only yesterday still spouting rubbish about having to charge customers £5 per month just for having an account as they are not making enough money???
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