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City AM
City AM
By Victoria Scholar The Notebook is where interesting people say interesting things. Today it’s Victoria Scholar, head of investment at interactive investor, on bank results, Elon Musk and an unputdownable holiday read Bank on it?With UK banks currently reporting earnings, key themes so far have been rising interest rates, growing credit loss provisions, share buybacks, volatile financial markets, and bonuses. Standard Chartered is among the best performers in the sector year-to-date and is up by around a third over one year. It achieved pre-tax profit of $4.3 billion in 2022, the highest retu…
