More good news for Financial Services will continue to drive growth in the sector
(Reuters) – Growth is back on the agenda for Britain’s financial services companies, which have been posting rising profits and adding staff in recent months, an industry survey showed on Monday.
Following the 2007-09 financial crisis, many of Britain’s banks and financial services firms were forced to trim costs and cut jobs and cope with a raft of new regulations.
According to the latest quarterly review of the industry by the Confederation of British Industry (CBI) and consultancy PwC, firms may be starting to move on from the painful period of restructuring.
Business volumes grew at their fastest rate since 2007 in the quarter to September, while 60 percent of firms reported greater profits, the survey of 109 companies found.
Review the full article here: