- In order to expand lending and improve earnings, UK banks are likely to reduce their liquidity reserves during 2013.
- Low credit demand, high capital requirements, prolonged low base rates, tougher conduct and misselling measures have dampened medium-term earning prospects for the major UK banks.
- This somewhat echoes Fitch's earlier comments saying British banks could need more capital.
Print 10:04, 24 Jan 2013 - Rating Agency comments - Source: Newswires
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