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PREVIEW-Rising interest rates have a sting in the tail for Europe's banks

Two of Europe's big corporate and mortgage lenders, Sweden's SEB and Spain's Sabadell, recently unveiled strong profits for 2022 as that trend helped lending lift earnings. But while rising rates are good news for bank profits, they herald a slowdown in an economy hit by war and runaway prices that squeeze borrowers and could prick pricing bubbles, most notably in property.
United Kingdom United Kingdom General Jerome Legras Jackie Bowie Begbies Traynor Group European Banking Authority

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