Banking

British banks to release third quarter earnings as investors watch for level of impairments

Barclays, Lloyds and NatWest will update shareholders on their performance

British interest rates have risen from 0.1 per cent to 5.25 per cent in less than two years

The profits of Britain’s biggest high street banks, and how their customers are holding up against the cost-of-living squeeze, will be in the spotlight today when the lenders unveil their latest financial results.

Barclays, Lloyds Banking Group and NatWest Group are due to update shareholders on their third-quarter earnings and outlook for the year.

Investors will be watching lenders closely for signs that customers are being squeezed by higher interest rates, which have pushed up ...