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Article: Banking giants suffer contrasting fortunes; citybulletin.(Business)

Article from:
Western Mail (Cardiff, Wales)
Article date:
November 11, 2009
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HSBC and Barclays enjoyed contrasting fortunes yesterday in a busy session for the banking sector, which saw Lloyds Banking Group announce 5,000 job cuts.

Despite solid updates from the duo, Barclays shed 5% after its investment banking performance fell short of some analysts' expectations, but HSBC added 4% after better news on bad debts.

The wider FTSE 100 Index edged 4.6 points lower to 5230.6 after ...

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