Rising interest rates have a sting in the tail for Europe s banks | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
By John O'Donnell, Lawrence White and Tom Sims LONDON/FRANKFURT (Reuters) - Rising borrowing costs are giving a long-awaited lift to Europe's beleague.
By John O'Donnell, Lawrence White and Tom Sims LONDON/FRANKFURT (Reuters) - Rising borrowing costs are giving a long-awaited lift to Europe's beleague.
Two of Europe's big corporate and mortgage lenders, Sweden's SEB and Spain's Sabadell, recently unveiled strong profits for 2022 as that trend helped lending lift earnings. But while rising rates are good news for bank profits, they herald a slowdown in an economy hit by war and runaway prices that squeeze borrowers and could prick pricing bubbles, most notably in property.
Defaulting on debt is afflicting European banks, despite the increase in interest profits archyde.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archyde.com Daily Mail and Mail on Sunday newspapers.