Fitch ratings agency says that despite the sharp reduction in the banking sector’s profitability over the first five months of the year, it does not expect to make further downgrades to the credit ratings of the country’s five largest banks.
Major banks have recently warned that earnings will decline when they report 2020 full- and half-year financial results.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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Momentum expects drop in earningsThe group warns profits could fall almost two-thirds for the year to end-June
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