Word: wednesday
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...havoc wreaked on the world's banking system in recent months that the words chosen by bank bosses to convey the health of their business have lost all relative meaning. Victor Blank, chairman of Lloyds Banking Group, saw "exciting prospects for the group" in its first-half results unveiled Wednesday, Aug. 5. Northern Rock "is making progress," chief executive Gary Hoffman said of the British bank's half-year results announced a day earlier. "Our first-half performance," Barclays boss John Varley reckoned the day before that, was "a good start." At HSBC, chief exec Michael Geoghegan said Monday...
...others, meanwhile, the prospects may not be so bright. Impairments at Lloyds rose to $22.8 billion in the first half, the company said Wednesday, thanks largely to its acquisition in January of HBOS, the troubled U.K. lender heavily exposed to Britain's declining property market. Still, you can't fault Lloyds' optimism. The bank, in which the government has a 43% stake, predicted "high single-digit income growth" within two years. Analysts expect a steep hike in provisions for bad loans when Royal Bank of Scotland (RBS), Britain's largest taxpayer-funded lender, unveils first-half results later this week...
...They are en route to Los Angeles where Laura and Euna will be reunited with their families." The Korean Central News Agency called the release of the two journalists a sign of North Korea's "humanitarian and peace-loving policy." And at 5.50 a.m. pacific time (8.50 a.m. ET) Wednesday, their plane touched down at Bob Hope Airport in Burbank outside Los Angeles. (See pictures of Euna Lee and Laura Ling's return to America after Bill Clinton's rescue mission...
...with that, the questions about the former President's visit to Pyongyang - and about where relations with Kim's North Korea go from here - begin. As expected once he arrived, Clinton departed North Korea Wednesday morning with the two American TV journalists, Euna Lee and Laura Ling, that he had come to spring from detention there. A senior Administration official revealed on Aug. 4 that the North Koreans had, in effect, directly requested that the former President visit Pyongyang. If Clinton did visit, the North Koreans told their two prisoners, they would be granted "amnesty" and freed. (See pictures...
...White House signed off on the idea. The visit ended the journalist's 4½ month nightmare after being arrested March 17 and held in North Korea as punishment for allegedly crossing the border while filming a report on refugees in northeast China. Their plane touched down early Wednesday morning in Los Angeles, where Lee and Ling are sure to have an emotional reunion with family members...