Get ready for interest rates to stay low for a longer time, SocGen says
French bank Societe Generale’s headquarters in Paris.
Chesnot | Getty Images News | Getty ImagesBanks must be prepared for interest rates to remain low for a longer time — which will squeeze profitability for lenders, deputy chief executive of Societe Generale said on Thursday.
Low interest rates have been one of the biggest challenges for lenders globally because they limit the amount banks can…