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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/big-profit-expected-in-bank-results.jpg"><img class="alignnone size-full" title="Britain's biggest banks, including HSBC, are poised to unveil more huge profits" src="http://londonglossy.com/wp-content/uploads/2011/02/min-big-profit-expected-in-bank-results.jpg" alt="Britain's biggest banks, including HSBC, are poised to unveil more huge profits"/></a></p>
<p>Britain&#8217;s biggest banks are poised to reveal more eye-watering profits as the banking results season gets under way next week.</p>
<p>City analysts have predicted combined profits of around £24 billion from four banking giants &#8211; HSBC, Barclays, Lloyds and Standard Chartered &#8211; while Royal Bank of Scotland is expected to post a narrowed loss.</p>
<p>The expected haul &#8211; up more than 10% on last year &#8211; will be seen as a signal that the banking sector is back on track after the global financial crisis.</p>
<p>Barclays kicks the season off on Tuesday a week after Chancellor George Osborne revealed details of a highly anticipated deal between the Government and leading UK banks to curb bonuses and boost small business lending.</p>
<p>But while the City is bound to be keen to see how much Barclays&#8217; new chief executive Bob Diamond pockets for his bonus, the focus is likely to move away from pay packets and on to profits as the season rolls out.</p>
<p>Mr Diamond, who recently told a Treasury Select Committee the period for &#8220;remorse and apology&#8221; for banks needed to be over, is expected to be awarded a bonus of more than £9 million.</p>
<p>This would dwarf the bonus awarded to Stephen Hester at RBS and Eric Daniels at Lloyds, who have been awarded £2 million and £1.45 million in shares respectively.</p>
<p>Mr Diamond will be delivering his first full-year results after taking on the top role from predecessor John Varley at the beginning of the year.</p>
<p>Barclays is expected to report pre-tax profits of £5.1 billion for 2010, which would mark a decline on the £11.6 billion earned in 2009. Barclays Capital, the investment banking arm formerly headed by Mr Diamond, is &#8220;central&#8221; to the group&#8217;s performance &#8211; estimating it contributes towards 60% of the bank&#8217;s profits.</p>
<p>But, as reflected in US banking results earlier this year, the sector suffered from weak activity in the final three months of last year.</p>
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