The return of interest rates to historical averages has created opportunities and challenges for European investment banks. How they weathered rising rates was revealed in their full 2023 results published in January and February.
Analysts The Banker spoke to said that the results were in line with expectations and that net interest income peaked in 2023. In the year ahead it is expected to flatline, but analysts also point out that European banks are resilient with high liquidity buffer levels from the Covid-19 pandemic.
