pre tax profits ringed in at $7.7 billion in the third quarter. now, this is all driven by rising global interest rates feeding into their balance sheets. but there have been questions before that these high rates were not being passed on to savers. joining me now is the independent banking analyst, frances coppola. nice to see you, doing rather well. i imagine those paying higher mortgage rates and everything it is a bitter pill. tell us more about the numbers? it is yet tell us more about the numbers? it is yet more tell us more about the numbers? it is yet more profits from their very healthily inaudible it has shrunk ever so slightly in this quarter but it is still way above where it was last year and that does reflect the fact that they have passed on interest rates to lenders much more quickly than they have to savers, which i think some people might get quite cross about. ~ . ., , , about. wanted we are seeing, is we are seeing about. wanted we are seeing, is we are
diane sawyer about going to open houses to steal prescription drugs from strangers medicine cabinets, and matthew perry in his own words. how he wanted to be remembered. kayna whitworth in los angeles with late reporting. the other major headline overseas. protesters in russia surround a flight from tel aviv, shouting anti-semitic slogans. it comes as israel says it s expanding ground operations inside gaza, releasing images of tanks and troops across the border. gaza now on the verge of a humanitarian catastrophe. hundreds storming u.n. warehouses in desperate need of basic supplies. matt rivers standing by in israel. here at home, new reporting on the suspected gunman who went on that massacre in maine. were there missed warning signs? abc news is now learning he tried to buy a gun silencer months prior. trevor ault from maine. the horror on the ice. what a hockey team is calling a freak accident that claimed the life of a former nhl player. weather whiplash sweeping
but that moving patients many of whom are in intensive care is impossible. more from the middle east in a moment. more from the middle east in a moment. time for a look at the business news now with ben thompson. good afternoon, ben. thank you very much. let me bring you up to date. let me bring you up to date. we start in china, where the world s most indebted property developer evergrande has been granted more breathing space by a court in hong kong, before a decision is made over its possible liquidation. the firm, which owes over $300 billion, has until a hearing scheduled for 4th december to come up with a new restructuring proposal, as nick marsh reports. evergrande has got five weeks to achieve what they have failed to do for the past two years, which is come up with a repayment plan that its creditors will agree to. now, if they don t manage to do this, then liquidation is a possibility, but don t think that that would mean the end of the evergrande story. in
cheaper for customers because it makes their products cheaperfor customers in because it makes their products cheaper for customers in other countries to buy. the yen has been steadily depreciating against the us dollar and that is likely to continue boosting export profits forjapanese export profits for japanese companies export profits forjapanese companies according to damien thong the head of japanese equity research. it thong the head of japanese equity research. equity research. it is a big tailwind for equity research. it is a big tailwind for firms - equity research. it is a big| tailwind for firms exporting from japan and also firms which manufacture outside means a lot of the profits they generate overseas will be brought back to japan and a overseas will be brought back tojapan and a very overseas will be brought back to japan and a very attractive rate of exchange. rate of exchange. japanese companies rate of exchange. japanese companies have rate of excha
with addiction, telling our diane sawyer about going to open houses to steal prescription drugs from strangers medicine cabinets, and matthew perry in his own words. how he wanted to be remembered. kayna whitworth in los angeles with late reporting. the other major headline overseas. protesters in russia surround a flight from tel aviv, shouting anti-semitic slogans. it ams as israel is expanding ground images in gaza. gaza now on the verge of a humanitarian catastrophe. hundreds storming u.n. warehouses in desperate need of basic supplies. matt rivers standing by in israel. here at home, new reporting on the suspected gunman who went on that massacre in maine. were there missed warning signs? abc news is now learning he tried to buy a gun silencer months prior. the horror on the ice. what a hockey team is calling a freak accident that claimed the life of a normer nhl player. snowing in denver, and plummeting temperatures for the northeast. 60 million under freeze al