Banking

UK banks: What to expect from this week’s half-year results

As pressure to raise deposit rates mount, UK banks are expected to reveal another strong set of books

Lloyds Banking Group, Barclays and NatWest Group will kick of bank earnings season with their half-year financial results this week. Picture: Getty

Banks in the UK are shaping up to deliver another set of strong profits, but the cracks could be forming as higher borrowing costs and pressure to raise deposit rates takes their toll.

Lloyds Banking Group, Barclays and NatWest Group will kick of bank earnings season with their half-year financial results this week.

The British banking giants beat expectations in their first quarter with profits bolstered by a rise in UK interest rates, which currently ...