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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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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9 monthes ago | By Evening Standard
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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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