Banks bow to pressure and axe shareholder payments

Image copyright Getty Images

Some of the UK’s biggest banks have agreed to scrap dividend payments and hold onto the cash, which may be needed during the coronavirus crisis.

The Bank of England welcomed the decision to suspend the payments to shareholders and urged the banks not to pay bonuses to senior staff either.

The banks, which include NatWest, Santander and Barclays, were due to pay out…

View On WordPress

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
0
Would love your thoughts, please comment.x
()
x