Rising interest rates have a sting in the tail for Europe’s banks

    LONDON/FRANKFURT -- Rising borrowing costs are giving a long-awaited lift to Europe's beleaguered banks, but they come with a sting in the tail. Last year central banks ended a decade of rock-bottom interest rates as the U.S. Federal Reserve and then the European Central Bank moved towards tightening. Two of Europe's big corporate and mortgage lenders, Sweden's SEB and Spain's Sabadell, recently unveiled strong profits for 2022 as that trend helped lending lift earnings. But while rising rates are good news for bank profits, they herald a slowdown in an economy hit by war and runaway prices that squeeze borrowers and could prick pricing bubbles, most nota...Keep on reading: Rising interest rates have a sting in the tail for Europe’s banks

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