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
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
hi there, thank you for being with us. we begin with the latest on the israel gaza war because a key hospital in gaza city has been told by israel to evacuate according to the palestine red crescent which warned that 400 patients and 1a thousand displaced people were sheltering there. israel hasn t confirmed the order but a military spokesperson said that they had killed what he called dozens of terrorists during bombing of the territory including senior commanders of hamas which is designated a terrorist organisation by the uk, us and other governments. the red crescent director says the area around the al quds hospital has been under attack, causing panic. further south, thousands of people broke into aid depots taking flour and other basic supplies after an israeli blockade severely limited amounts into gaza. our international editor jeremy bowen is in southern israel and sent this report. people are living in the ruins in gaza. the israelis insist that they