Group Chief Executive Charlie Nunn of Lloyds stated that the bank was still “focused on supporting our customers and helping them navigate the uncertain economic environment”.
More consumers, according to the bank, are transferring money from current accounts to savings accounts.
“Storing up their funds”
Matt Britzman, an equities analyst at Hargreaves Lansdown, stated that Lloyd’s ability to “keep hold of savers looking for better rates” contributed to its success.
Fran Boait, the co-executive director of Positive Money, on the other hand, charged that banks were “filling their coffers” as “soaring interest rates push ordinary people into poverty.”
Barclays announced earnings before taxes on Tuesday for the three months ending in September of £1.89 billion, a minor decrease from £1.96 billion for the same period in 2022. As a result, it made cuts to its
