Are local banks losing steam?
Higher interest rates giveth and taketh from banks, with the skinny years coming sooner rather than later
06 July 2023 - 05:03
There’s a sneaking unease among market punters that the good times for banks — thanks to high interest rates — will be over soon.
Nedbank indicated this with a market update last week. It said that by the end of May, “the benefit of increased endowment income was still ahead of the incremental increase in impairments”...
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