British banks are still in the post-crisis recovery position. Look at what they do, not what they say, to see which ones are progressing, says James Ferguson.
When the Bank of England first slashed the base rate to 0.5%, it was seen as an emergency measure, largely to prop up the banks. Five years on, the rate remains at 0.5%, the lowest in the bank’s 320-year history. We might have got used to low rates, and the rebound in share prices and house prices they’ve created. But [...]
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