Major banks agree to scrap dividend payments during crisis

Share buybacks also ruled out

Jenna Brown
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RBS was among the banks to announce the measures
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RBS was among the banks to announce the measures

Several major UK banks have agreed to scrap dividend payments during the coronavirus crisis after pressure from the Prudential Regulation Authority (PRA).

Banks including Lloyds, Santander, RBS and Barclays released a series of statements to the stock exchange on Tuesday evening (31 March) confirming dividends would be cancelled for 2019 and they would not...

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