TSB and Co-operative Banks suffering falling profit margins too
Like the largest banks, TSB and Co-operative Banks are also suffering a squeeze on margins but while Co-operative is keeping costs down, TSB's are growing faster than net interest income. With special feature audio.
Jenny Ruth Tue, 07 Jun 2016
The smaller banks are feeling the same squeeze on profit margins as the larger banks have already reported.
Co-operative Bank’s net profit margin fell 17 basis points to 2.68% in the year ended March while TSB Bank’s dropped 10 points to 2.07% in the same 12 months.
But there the similarities
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