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
25 September 2022 - 16:48
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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