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UK banks scrap dividends on coronavirus fears, pressure on bonuses

Britain’s top banks said on Tuesday they would suspend dividend payments after pressure from the regulator, saving their capital as a buffer against expected losses from the economic fallout from the coronavirus.

UK banks scrap dividends on coronavirus fears, pressure on bonuses
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Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland, Standard Chartered and the British arm of Spain’s Santander all halted payouts.

Read more at Reuters

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