Financial TimesFinancial Times

European banks finally start to feel benefit of rising rates

By Owen Walker

26 Oct 2022 · 4 min read

Editor's Note

Banks have had a tough time of it over the past 10 years. But as the Financial Times reports, they're finally reaping the gains of rising rates.

For the first time since the financial crisis, European bank bosses are beginning to enjoy the benefits of rising interest rates on their profit margins.

HSBC, UBS, Barclays, Deutsche Bank, Santander, UniCredit and Standard Chartered all reported better than expected third-quarter results this week, boosted by central bank interest rate raises — with more hikes on the way.

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