UK banking sector ‘remains resilient’ despite continued uncertainty, say officials
The Bank of England has scrapped all Covid restrictions on shareholder payouts at the UK’s largest lenders, saying they remained “resilient” to economic shocks despite a growing list of new risks to the financial system.
Officials at Threadneedle Street said that banks were strong enough to weather the remainder of the Covid crisis, and continue lending to households and businesses throughout the recovery period.
