UK banks may have taken significant hits on their profit and loss accounts as a result of the subprime crisis, but they have also strengthened their capital and balance sheets significantly.
Latest articles from Stephen Timewell
Big Four less dominant as smaller players rise
August 4, 2008China’s biggest banks have enjoyed another good year, but The Banker’s figures show that the steepest growth is among its other institutions. Stephen Timewell reports.
TOP 1OOO World Banks 2008
July 1, 2008
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Banks may be suffering as the credit crunch bites, but the past year shows the industry has the resilience to stop a setback turning into a disaster. By Stephen Timewell. Research by Terry Baker-Self, Valentina Lorenzon & Beata Ghavimi.
Positive signs on the path to economic harmony
July 1, 2008Sheikh Salem Abdulaziz Al-Sabah, governor of the Central Bank of Kuwait, discusses the latest financial developments in Kuwait with Stephen Timewell.
Boomtowners look beyond borders
July 1, 2008Kuwait’s booming economy is heavily oil dependent, but banks are beginning to look outside the country to strengthen operations and diversify their offer, Stephen Timewell reports from Kuwait.
Political issues cloud prospects
June 2, 2008Despite an optimistic outlook on the banking sector in Turkey, political dilemmas and the global economic environment weigh heavy on the country. Stephen Timewell reports from Istanbul.
Good show of profits
May 5, 2008Stephen Timewell looks at the latest performance of Bahrain’s banks and finds them relatively unscathed by the US crisis.
Hard work for a leading player
May 5, 2008Bahrain faces a difficult task to keep ahead of its rivals as the leading financial centre of the Middle East, but the right moves could pay off. Stephen Timewell reports from Bahrain.
UK on the verge of sukuk issuance
April 7, 2008The UK budget for 2008 announced measures to promote competitiveness with the increasingly attractive Islamic finance sector, paving the way towards sukuk issuance, writes Stephen Timewell.
Growth levels off
April 7, 2008Saudi banks performed less well last year than in 2006 and bankers are adjusting to the lower, more sustainable growth levels, but they have every reason to remain bullish, writes Stephen Timewell.