Move comes after regulators decided lenders were in a good enough position to cope with Covid outbreak
Britain’s largest banks will be allowed to restart limited dividend payments and banker bonuses in the new year, after regulators determined that lenders were strong enough to weather the remainder of the Covid pandemic.
The Bank of England said on Thursday it was lifting a temporary ban on shareholder payouts, but warned that dividends distributed for full-year 2020 should be capped, and that cash bonuses for bankers would be closely scrutinised in light of continued uncertainty.
