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  • Evening Standard

    UK banks set to report lower earnings as they retreat from 2023 highs

    by Anna Wise Apr 19, 2024 2 minutes
    Source: PA Archive

    The UK’s biggest high street banks are set to report lower profits over the start of the year, after a bumper 2023 which saw earnings peak as borrowing costs soared.

    Lloyds, Barclays and NatWest will be updating shareholders on their first-quarter financial results on Wednesday, Thursday and Friday respectively.

    The banking sector was buoyed last year by UK interest rates hitting their highest level for more than

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