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Britain's financial services firms back on growth path

Business volumes and profits up, new jobs being created

Published Mon, Oct 6, 2014 · 09:50 PM

[LONDON] Growth is back on the agenda for Britain's financial services companies, which have been posting rising profits and adding staff in recent months, an industry survey showed on Monday.

Following the 2007-09 financial crisis, many of Britain's banks and financial services firms were forced to trim costs and cut jobs and cope with a raft of new regulations.

According to the latest quarterly review of the industry by the Confederation of British Industry (CBI) and consultancy PwC, firms may be starting to move on from the painful period of restructuring.

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