Britain’s five biggest quoted banks are on course to deliver record combined profits when they reveal their financial results for 2023 over the coming days.
Analysts forecasts suggest NatWest, Barclays, HSBC, Lloyds and Standard Chartered will announce total pre-tax profits of £51.6 billion in this reporting season, more than the GDP of an economy the size of Serbia. That is well above the previous high water mark of £35.8 billion immediately before the finacial crisis.
