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The Impact of Higher Interest Rates on Banking
I was going to say Christine when you've got a bank that's cutting as much as 25% of the workforce over the next two months in order to help reduce costs and cut unnecessary or non-essential projects. I sort of still wonder how vulnerable they are perhaps to a bigger buyer coming in and saying hey look we're just going to sort of absorb you now and then we move on. The other question to ask can you quite rightly ask it was whether this is a one-off whether it's in the rear view mirror or to what extent this is impacted not just this bank but other banks too and the lending that we see going forward. Yeah I think a lot of people are looking