What’s happening to interest rates and could they actually go higher?
There has been a dramatic shift in the past few days in the expectation of where interest rates are headed. This has taken many of us by surprise. …
Bank of England: Very Low Yields on Bank Funds
UK interest rates have stabilised and this is reflected in the returns by UK banks to the Bank of England. However, the statistics published by the Bank of England are not very clear. According to the data the effective rate for outstanding ‘sight deposits’ of non-financial corporations is 2.56%. …
ECB: Euro Corporations getting poor yields from their banks
The results of the EuroFinance Corporate Treasurers 2023 Survey makes interesting reading. Treasurers were asked what effective rate should a company earn on bank funds? …
Bank of England: Legacy Banking Arrangements Costing UK Businesses
The SWIFT network that drives the global banking system is 50 years old. It’s no surprise then that many organisations have banking arrangements that are not fit for purpose. …
US: Sleepy Money Drives Record Bank Profits in Q3
The rise in interest rates is driving bank profitability in a way not seen since before the Global Financial Crisis. Lower provisions have added further to the record figures. …
Bank of England: UK Businesses not taking advantage of higher interest rates
UK businesses continue to achieve a poor return on bank funds according to the latest data recently released by the Bank of England. …
ECB: Euro Corporations getting a raw deal from their Banks
According to the latest ECB data published on 01 September 2023 Euro businesses are contributing €’billions to bank profits because their banking arrangements are poorly structured. …
Central Bank of Ireland August ’23 Report: the Data Behind Record Bank Profits
Bank of Ireland, self-proclaimed ‘The National Champion Bank’ generated over €1bn in profits in H1 2023. …
Bank of England: Latest Interest Rate Report July 2023
The net interest margins of the UK banks continue to climb almost in step with the base rate increases. …
ECB: Real Cost of Banking for Euro Businesses Continues to Rise
According to the ECB data published on 02 August 2023 Euro businesses are contributing €’billions to bank profits because they haven’t optimised their banking arrangements. …
