What is the main concern raised by UK finance minister Jeremy Hunt regarding domestic lenders?
UK finance minister Jeremy Hunt has voiced his apprehensions about domestic lenders, including major institutions like Lloyds Banking Group, NatWest, and Barclays, not taking adequate measures to alleviate the impact of rapidly increasing consumer borrowing costs. He suggests that these banks should be more proactive in addressing this issue by raising savings rates to provide relief to consumers.
The crux of bank profitability lies in the net interest margin (NIM), a fundamental metric that signifies the difference between the interest paid to depositors and the interest charged to borrowers, divided by the interest-bearing assets held by the bank. For instance, last year the average NIM for Lloyds, NatWest, and Barclays was at 2.9%.
This year, fueled by the surge in interest rates, JPMorgan predicts that the NIM will rise to 3.2% for Lloyds and 3.3% for both Barclays and NatWest. These figures represent the highest average NIM levels in over a decade, as per Refinitiv data. It is evident that NIM plays a pivotal role in understanding banks' profitability dynamics and their ability to adapt to shifts in the market environment. The concerns raised by Hunt underscore the crucial linkage between NIM, consumer rates, and overall banking sector performance.
If you would like to learn more about investing for passive income, just contact me at www.benjaminzmiller.com search linkedin.com or meetup.com for “Benjamin Z Miller”. If you learned something from this video, maybe share it with your friends. You might be able to help them also. I hope that helps and good luck with your investing!
CONTACT INFO:
deals@benjaminzmiller.com (deals here, please)
ben@benjaminzmiller.com (general questions / contact)
www.benjaminzmiller.com (website)
ADDRESS:
The Benjamin Z. Miller Organization
1321 Upland Drive #8316 , Houston Tx 77043.
United States
SOCIAL MEDIA:
https://www.linkedin.com/in/benmillersells/
https://www.instagram.com/benjaminzmiller/
www.twitter.com/BenjaminZMiller
https://www.tiktok.com/@benjaminzmiller
BENJAMIN Z MILLER’S OTHER GROUPS & MEETINGS (You are Invited)
(Multifamily Sunday Meeting at 1PM Pacific Time)
https://www.linkedin.com/events/multifamilyinvestorgroupmeeting7038561468681728000/
(Investor Networking Group - Sunday at 6:30PM London Time - General Meeting)
https://www.meetup.com/benjamin-z-millers-investor-networking-group/
(Ukraine Networking Group)
https://www.meetup.com/kiev-social-for-international-expatriates-and-ukrainians/
(Rebuild Ukraine - Reconstruction Bonds Thursday at 6:30PM UK London Time)
https://www.linkedin.com/events/thursday-6-30pmuk-earningpassiv7018193682331754496/
(Cork Ireland Real Estate Investing - Thursday at 5PM Irish)
https://www.linkedin.com/events/secureyourretirement-passiverea7047600048674643968/comments/
(US Mortgage Investing - Thursday at 1PM UK time)
https://www.linkedin.com/events/1pmuktime-passiveincomeforukinv7018178368969846786/
(Feedban News Reader - Thursday at 4PM UK time)
https://www.linkedin.com/events/discoverfeedban-scutting-edgene7047964255236628480/
#benjaminzmiller #passiveincome #mezzaninelending #mezzanine #buildpassiveincome
#passiveincomeproperties #passiveincomestrategies #gilts #bonds #financialfreedom #passiveincomemindset #residualincome #passiveincomelifestyle #mezzaninelending #mezzanine
-
12:31
ThinkStory
1 day agoALIEN ROMULUS Ending Explained & Prometheus, Aliens Connections!
25.2K20 -
16:19
Rock Feed
21 hours agoWhat is Happening to Ronnie Radke?
27.5K24 -
15:40
Bearing
22 hours agoAustralian Break Dancer Raygun SPEAKS OUT! Was It All RIGGED?
24.5K66 -
1:16:48
Squaring The Circle, A Randall Carlson Podcast
1 day ago#015 Close Encounter While Man Sleeps Pt 1# - Squaring The Circle: A Randall Carlson Podcast
24.1K30 -
25:40
The Anthony Rogers Show
2 days agoPolitically Incorrect in Hawaii: Anthony Rogers Stand Up Comedy (Rare)
23.8K5 -
4:05
scoutthedoggie
21 hours agoAirsoft War Gate Pulsar Scotland
24K1 -
2:27:21
ThatStarWarsGirl
18 hours agoTSWG LIVE: I Pissed Off Twitter Crazies AGAIN!🤣😂
25.1K5 -
33:29
GameLeap RAID Shadow Legends
15 hours agoBEST ARTIFACT SETS TIER LIST (2024) - Farm This Gear! - Raid: Shadow Legends Guide
24.9K4 -
3:41
Hack
9 hours agoHow to make a mini lathe in 3 Minutes
24.6K2 -
21:27
barstoolsports
1 day agoJersey Jerry Forces Dave Portnoy into Impromptu Contract Negotiation
40.6K7