Trustnet Magazine 69 January 2021 | Page 29

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patiently for a turning point over the past 10 years are likely to have wished they had thrown in the towel a long time ago . This lowly group is dominated by the five main UK banks . “ An inability to have fully recovered from the great financial crisis , driven partly by regulatory fines including PPI and exacerbated by historically low interest rates , is very much a feature of the last decade ,” says Richard Hunter , head of markets at interactive investor . The low interest rates perpetuated by central banks ’ quantitative easing policies fillet the margins on loan books , hurting profitability at the banks . This hasn ’ t caused sleepless nights for consumers , who have flocked to new online and challenger banks ,

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