Banks attempted to defy calls to scrap dividends - reports

Four of the UK's five largest banks

James Baxter-Derrington
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HSBC and Barclays initially resisted the BoE's calls to suspend dividend payments
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HSBC and Barclays initially resisted the BoE's calls to suspend dividend payments

HSBC, Barclays, Lloyds and Standard Chartered all resisted calls from the Bank of England to voluntarily cancel their dividends, according to people familiar with the matter, the Financial Times has reported.

Taxpayer-owned RBS was the only one of the UK's five largest banks to accept the recommendations without pressure, with the rest only following suit when the BoE issued public direction. Major banks...

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