RE: LLoy15 Dec 2019 12:13
Corbyn uncertainty now removed for Lloyds, however the bank fundamentals remain unchanged, continuing low interest rate environment, wholesale funding costs, and Banking Competition will continue to put future forward earnings and NIMs under relentless pressure.
Call them what you like Neobanks, Digital Banks, Challenger Banks, all are beginning to punch above their weight against the traditional high street banks and are increasingly muscling their way into the mainstream UK banking sector. These new low cost entrants can attack profitable slices of business without offering all possible services of a traditional high street bricks and mortar bank.