business / news / / The Sunday Times
NatWest reported a 12.2 per cent year-on-year increase in first-quarter profits to £2 billion.
NatWest reported a 12.2% profit increase to £2 billion in the first quarter.
KEY POINTS
- Mortgage rates and net interest margins at major UK banks have risen sharply since the Iran conflict.
- Markets previously expected three Bank of England rate cuts before US attacks on Iran altered forecasts.
- Speculation is increasing that the UK Treasury may target bank profits with higher taxes if the war worsens.
COMPANIES
Summarized by Newsio from The Sunday Times. How we summarize →