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UK banks agree to scrap dividends and bonuses due to recession fears
9 monthes ago | By The Guardian
Lenders told to free up money for loans to businesses and households by Bank of England Britain's largest banks have agreed to scrap nearly £8bn worth of dividends in light of the coronavirus crisis , giving banks an additional cushion to weather an economic downturn. The Bank of England has also ordered lenders to cancel plans for cash bonuses for chief executives, as it asked financial institutions to boost their strength ahead of a likely recession.
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Banks suspend dividends to save money for coronavirus fight
9 monthes ago | By Belfast telegraph
Britain's biggest banks have become the latest to scrap their dividends, as businesses scramble to save money by stopping payments to shareholders amid the coronavirus outbreak.
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Britain's biggest banks scrap shareholder dividends and senior staff bonuses amid coronavirus recession fears
9 monthes ago | By Evening Standard
Coronavirus: the symptoms Follow our live blog for updates here
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Weather UK Money Banking Economics Business England Bank of England Economic growth UK news Barclays HSBC Lloyds Banking Group Royal Bank of Scotland Standard Chartered Coronavirus outbreak Prudential Regulation Authority Insurance industry SavingAA to install 5,000 free road signs for temporary vaccination centres
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