They have been rather busy today
- Expect US Federal reserve to progressively increase interest rates over 2017/2018
- Rising interest rates will support US banks net interest margins and income
And with regards to Europe they had this to say:
- Expect European rates to remain very low in 2017/2018
- Continued re-pricing of loans will intensify profitability pressures
- When short-term interest rates eventually rise in Europe, some banks exposed to long-term fixed assets would face a profit shock
Sounds like a cunning plan, unless it all fails to materialise
