Considering London is a leading global banking centre, the lack of vision among our home grown banks is pathetic. Across the world, banks are starting to look beyond the great financial crisis. Both appear to have become risk averse, which largely explains why the shares sell at large discounts to their American counterparts. It is high time that UK banks freed themselves from the shackles of post great financial crisis caution. Working patterns since Covid-19 and a fightback by the City of London has left London’s second financial district with a problem.

Source: Daily Mail June 19, 2024 21:10 UTC