Finans

Why it’s dangerous to assume banks are profiteering

A minimally profitable banking system is unlikely to prove convincingly robust.

In his Mansion House speech a week ago, UK chancellor Jeremy Hunt bemoaned the «declinist narrative» that is setting in when describing the UK’s economic prospects. «A strong City needs a successful economy, and a strong economy needs a successful City,» he explained.
In his Mansion House speech a week ago, UK chancellor Jeremy Hunt bemoaned the «declinist narrative» that is setting in when describing the UK’s economic prospects. «A strong City needs a successful economy, and a strong economy needs a successful City,» he explained.Foto: Alastair Grant/AP/NTB
  • Patrick Jenkins (FT)
Financial TimesStorbritanniaBankFinans
Publisert 17. July 2023, kl. 12.13Oppdatert 17. July 2023, kl. 12.13