Britain s biggest banks are on the comeback trail, as the effects of the coronavirus pandemic on their balance sheets appear less than severe than originally feared.
In their recent round of results, far from reporting spiralling losses on soured loans to business and households, Britain s big four banks either released money that had been set aside to cover coronavirus-related costs or reported a smaller-than-expected hit.
As a result, profits rose in the first three months of this year - hugely in some cases -and share prices rallied.
Many investors, however, still question the wisdom of investing in the UK s banking behemoths, Lloyds, NatWest, Barclays and HSBC. Are they missing out on a bargain share opportunity or wisely staying away?