Europe’s Banks Brush Off Crisis Talk While Reaping Rate Windfall
- Higher interest income bolstered earnings in volatile quarter
- Some banks seeing cost pressures in inflationary environment
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Higher interest rates have been good for Europe’s banks, mostly.
Firms from Deutsche Bank AG to Banco Santander SA this week reported double-digit gains in lending income, helping bolster earnings even as central banks’ rapid increases in borrowing costs wreak havoc on markets.