UK banks Cycle clip

The headlines are all full of UK banks supposedly making excess profits. But don’t be deceived. The bumper results season just ended may be nearly as good as it gets. The sector is not about to face anything like the turmoil it suffered in the recession of the early 1990s. But for the first time in over a decade, investors are seriously asking whether banks are about to be stung by consumers who can’t repay their debts. Banks have long argued that they should be allowed to make big profits in th...