Wall Street

Analysis-Europe’s banks brace for bumpy ride after cheap money decade

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Reuters UK

By John O’Donnell and Tom Sims FRANKFURT (Reuters) – Europe’s banks, facing a potential economic storm and a rise in borrowing costs for the first time in more than a decade, are set to show their weak spots when they update investors on how their business has fared this year. They have already had to cope with soaring inflation and rising interest rates, a pincer movement that squeezes borrowers, plus the Ukraine conflict which has rattled Europe’s economy, including by constraining its energy supplies. UBS, Deutsche Bank, Credit Suisse, BNP Paribas and UniCredit could set the tone for invest…

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