U.K. Banks Improved Performance Is `Uncertain' Amid Refinancing, S&P Says

U.K. banks’ longer-term performance is “far from certain,” despite improved recent interim results, Standard & Poor’s said today.

The ratings agency cited factors such as unclear prospects for the U.K. economy as a whole and that several U.K. banks, “overly reliant” on government-backed wholesale funding, face refinancing requirements over coming couple of years.

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