UK banks are reporting huge profits – but there are many reasons why this may not last
- Written by Alper Kara, Professor of Banking and Finance, Brunel University London
ImageFlow/ShutterstockEver since the financial crisis of 2007-08, British banks have often struggled to make as much money as they used to. Profits have generally been at a much lower level than in the pre-crisis period.
But in recent weeks, some of the best-known banks in the UK have reported big jumps. Europe’s biggest bank, HSBC, posted...
