Pre-Tax Profit Table

A quick look at this year's Pre-Tax Profit Table makes for uncomfortable reading. Of the 151 banks, 51 - an astonishing 1 in 3 - are loss-making. With an average profit of around £53,000,000, if one were to take out the top two banks, Barclays and HSBC who together made over £10 billion, the average profit would be (consolidations aside) - a loss!