Martin, the people I know in the UK have a mixed outlook, I would say it's still 50/50. A lot are sick of Brussels sticking their noses into everything and the others don't want the turks moving in. I would say it will go down to the wire. Either way it's going to be an interesting few months.
100 basis points is 1%. 1 basis point is 0.01%. 1.60 is 1.60% .
2.11% NIM is not good. NIM in a nut shell is the difference between what a bank pays out in interest eg..on deposits and money it borrows itself and what customers pay to borrow money from them. The NIM is the banks profit. 3% would be a good NIM. anything close to 2 is not.
One of the reasons bank shares are so bad now is that banks can't get a decent NIM. That is likely to continue for some time yet and in BKIR'S… Read More
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