FTSE 350 Review 2018 

FTSE 350: Banks set for further margin pressure

FTSE 350: Banks set for further margin pressure

Needless to say, investors in the UK banking sector have required a degree of patience in recent years. Provisions linked to the mis-selling of payment protection insurance (PPI), commodity-related bad debt and restructuring costs have hindered progress, as the big five banks sought to put their houses in order following the financial crisis. For groups with such complex balance sheets, progress was always going to be slow. The important thing is that it has been made and there is reason to suppose the fortunes of the industry are reaching an inflection point.

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