Financial services bounces back – survey

THE financial services sector rebounded strongly in the three months to March, with a robust rise in business volumes and an increase in profits.

That's according to the latest national survey by the employers' group the Confederation of British Industry and the accountancy firm PwC.

Profit growth was driven mainly by an increase in income from fees, commissions and premiums. But the pace of growth was slower than expected, in part because of a surprise rise in costs, particularly staff costs, following an une... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...