Banks, insurers and fund managers reported a drop in optimism, CBI survey finds Britain's financial services sector suffered a drop in profits and a spike in bad debts even before the coronavirus prompted a countrywide lockdown. The latest CBI/PwC financial services survey paints a disappointing picture for the sector, with banks, insurers and fund managers already reporting a drop in optimism over the three months to March - and rising concerns about the Covid-19 pandemic.
Banks, insurers and fund managers reported a drop in optimism, CBI survey finds Britain's financial services sector suffered a drop in profits and a spike in bad debts even before the coronavirus prompted a countrywide lockdown. The latest CBI/PwC financial services survey paints a disappointing picture for the sector, with banks, insurers and fund managers already reporting a drop in optimism over the three months to March - and rising concerns about the Covid-19 pandemic.
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