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Banking Digest - January 2013

​The UK banking and financial sector is still facing severe headwinds
owing to a culmination of factors including: weak global economy
combined with bad debts, claims for mis-selling payment protection
insurance, lower trading activity and tighter regulation. These factors
are creating a “perfect storm” in which banks are struggling to
maintain profit margins. Serious doubts remain as to when the banks
can make a full recovery to their pre-global financial crisis position

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