Investec half-year earnings set to benefit from rising interest rates
Bank says its lending margins improved, but global financial markets took the shine off wealth management
Specialist bank and wealth manager Investec said on Friday that rising global interest rates boosted its lending margins in the six months to end-September, while volatility in global financial markets took a shine off its wealth-management business.
Investec joins other lenders that have benefited from higher rates as central banks around the world seek to avert runaway inflation...
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