Banks a long way from regaining the 3-6-3 model
Playing off a handicap
Commercial bankers modus operandi used to be to borrow at 3%, lend at 6% and hit the golf course by 3pm. Returning to that will be easier when base rates pick up. But regulatory pressure to build up deposits will keep the pressure on interest margins for some time.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.