UK's biggest banks were hit with a warning to freeze their dividends during the Covid-19 uncertainty or face formal action (HSBC)

Business Insider

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· UK's largest lenders have suspended their dividends after the Bank of England asked them to cancel any outstanding payments due to exceptional circumstances surrounding Covid-19.
· The UK's financial regulator also notified the big banks not to pay any cash bonuses to senior staff and to discontinue keeping aside any money...

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