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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff, Banking correspondent

Mortgage debts and bust firms put UK banks’ profits under pressure

A cyclist and a bus move past a branch of Metro Bank
Metro Bank was saved by an emergency deal this month, but the embattled sector’s problems have not all gone away. Photograph: Leon Neal/Getty Images

UK banks will be hoping there are no fresh crises around the corner as they prepare to reveal third-quarter profits this week.

It follows a turbulent period for the sector, which started in March, shortly before executives disclosed first-quarter results. Bosses watched in horror as a mini-banking crash led to the collapse of a string of US lenders including Silicon Valley Bank (SVB), and later Switzerland’s largest lender, Credit Suisse.

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