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UK banks agree to scrap dividends and bonuses due to recession fears

3 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

3 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

3 monthes ago   |   By Evening Standard

Coronavirus: the symptoms Follow our live blog for updates here
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Arsenal vs Leicester, Premier League: live score and latest updates

Arsenal vs Leicester, Premier League: live score and latest updates

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Hooray, it's a stamp duty holiday! Rishi Sunak's tax cut will give flagging...

Hooray, it's a stamp duty holiday! Rishi Sunak's tax cut will give flagging homes market a boost

Chancellor Rishi Sunak is set to axe stamp duty on most homes on Wednesday in a temporary move designed to boost the flagging housing market and which could save buyers thousands. Read more ...

Home Secretary Priti Patel to tell chief constables to prosecute shoplifters...

Home Secretary Priti Patel to tell chief constables to prosecute shoplifters stealing less than £200

The news comes as it was suggested supermarkets and convenience stores may be resorting to private prosecutions to pursue thefts after complaints they are being ignored by police. Read more ...

Government could pay 300,000 young people in Rishi Sunak's £2bn plan to...

Government could pay 300,000 young people in Rishi Sunak's £2bn plan to prevent unemployment rise

Wednesday's mini-Budget will see Chancellor Rishi Sunak put jobs at the heart of his £2billion scheme to prevent a surge in youth unemployment, and reveal how Britain will... Read more ...

Apple and T-Mobile sued for security flaw that allowed strangers to access...

Apple and T-Mobile sued for security flaw that allowed strangers to access iMessages, FaceTime calls

The lawsuit filed on Monday in the US District Court for the Southern District of New York accuses Apple and T-Mobile of jeopardizing consumer privacy by failing to disclose... Read more ...

Trump says he DIDN'T cheat his SAT and claims his father was 'loving and not...

Trump says he DIDN'T cheat his SAT and claims his father was 'loving and not at all hard on him'

Donald Trump asserts he did not cheat on his SATs like his niece claimed in her upcoming book, according to a Tuesday White House statement. Read more ...

White House tells Congress it is formally withdrawing from the World Health...

White House tells Congress it is formally withdrawing from the World Health Organization

The Trump Administration has formally told Congress that the U.S. is withdrawing from the World Health Organization, which is helping oversee the global response to the... Read more ...

Brazilian president Jair Bolsonaro was with the US ambassador to Brazil just...

Brazilian president Jair Bolsonaro was with the US ambassador to Brazil just days before testing positive for COVID-19

President Jair Bolsonaro on Tuesday announced he'd tested positive for COVID-19, just days after visiting the US Embassy in Brasília. Bolsonaro went to the embassy on Saturday... Read more ...

The best deals on Nintendo Switch consoles, games, and accessories right now...

The best deals on Nintendo Switch consoles, games, and accessories right now - including $20 off 'Super Mario Maker 2'

Both the original Nintendo Switch and the Switch Lite have been hard to find online as they continue to explode in popularity, but we've been keeping an eye on the best deals... Read more ...

British Women's Open given go ahead at Royal Troon in August 

British Women's Open given go ahead at Royal Troon in August 

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