Coronavirus (COVID-19) Bulletin – PRA: No Bank Dividends, Buy-Backs Or Bonuses In 2020
The Prudential Regulation Authority (PRA) confirmed on 31 March 2020 that following consultation with the seven largest UK banks, they will suspend dividends, share buy backs and not pay cash bonuses to senior staff until the end of 2020. The PRA consultation with the seven largest UK banks (HSBC, Nationwide, [...]