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The UK banking and financial sector is still facing severe headwinds owing to a culmination of factors including: weak global economycombined 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 tomaintain profit margins. Serious doubts remain as to when the bankscan make a full recovery to their pre-global financial crisis position
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06 March 2013