Europe’s top banks combined net income soared32%to exceed €100billion for first time

Europe’s top banks combined net income surged last year by more than 32% or €26 billion ($29 billion) to hover around €103 billion ($108 billion) for the first time in their history comparing to €78 billion in the previous year, as the 20 biggest continental European lenders achieved the highest profit thanks to rising interest rates which handed most of them record earnings.