Other people's business

RSS

UK bank profits wiped out: "In terms of their reputations, 2012 was a dire year”

Business quote of the day.

New Statesman
Photograph: Getty Images

"In terms of their reputations, 2012 was a dire year”

Bill Michael of KPMG, commenting on a report from the accounting firm which said that three major UK banks saw a 45 per cent rise in core profits last year wiped out by a mix of regulation and their own mistakes.