Bank of America Corporation (NYSE: BAC) and Royal Bank of Scotland Group plc (LON: RBS) go down into the red

Australia and New Zealand Banking Group profits rise

In brief: Bank of America Corporation (NYSE: BAC) and Royal Bank of Scotland Group plc (LON: RBS) shares continue to decline. Australia and New Zealand Banking Group (ASX: ANZ) shares rising in price.

Royal Bank of Scotland Group plc (LON: RBS) shares are falling in price to 45.85 points, losing -0.62 (-1.33%). Bank of America Corporation (NYSE: BAC) fell to 13.02 points, down -0.30 (-2.25%) yesterday.

At the same time, Australia and New Zealand Banking Group (ASX: ANZ) reported 37% increase in net profit for the third quarter to end June 30 to A $ 1,3 billion ($ 1.2 billion). Such a significant increase in profit attributable to lower provisions for possible loan losses. Australia and New Zealand Banking Group shares rise in price by 1.70%.

Anrey Torbinski
2010-08-20 12:06, Economics.

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