By revisesociology on Skatehive
While everyone’s been busy talking about AI and chasing the next big thing, UK banks have gone completely under the Vestment radar and quietly pulled ahead of some of the world’s most hyped companies. And all the big British lenders have stuck to the basics: making money, sharing it with their investors, and taking advantage of a steady home market. In a year where everyone claimed AI would change everything, old-school banking has done VERY well! About the basics.... For starters, higher interest rates may be bad news for borrowers, but they are great news for banks wqho have beneffited from an underlying mechansism which helps them fatten up profit margins. The banks used these extra earnings to hand out generous dividends and buy back shares, which has made them a lot more appealing to investors who want steady gains, not just hype. Politics plays a part too. Unlike in the US, where banks can find themselves in the firing line, the UK government has been surprisingly easygoing with