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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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AA to install 5,000 free road signs for temporary vaccination centres

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From furlough to the FTSE 250: Britain's economy in 2021 explained in charts

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The ONS this morning found the UK economy went into reverse in November, shrinking 2.6% on October as it was hit by a second national lockdown. Read more ...

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Customers will earn just 0.3% interest, down from 0.6% currently and from 1.5% this time last year, although the bank has not made any cuts to the cashback it pays customers... Read more ...

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Tesco hails 'record' Christmas but Covid-19 will cost it over £800m

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Tesco said demand for its 'Finest' range helped UK like-for-like sales rise 8.1 per cent during the six weeks to January 9 as customers treated themselves during the festive... Read more ...

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