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Archived article Tax, investments and pension rules can change over time so the information below may not be current. This article was correct at the time of publishing, however, it may no longer reflect our views on this topic.
UK banks recently reported second-quarter earnings, here’s what stood out for us and what could be next for banks.
This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.
11 August 2023
This article isn’t personal advice. If you’re not sure an investment is right for you, seek advice. Investments rise and fall in value, so you could get back less than you invest. Past performance isn’t a guide to the future. Yields are variable and not guaranteed.
The slew of interest rate hikes seen over the past year, has come as a welcome relief for UK banks who’ve had to manage through an extended period of ultra-low rates.
One way banks make money is the difference between the rates they pay to depositors versus the rates they receive on the loans they give out. This is known as the net interest margin.
Higher base rates are a tailwind. But pressure to pass more on to savers means banks aren’t seeing as much of a benefit as they did earlier in the year. There’s also
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