UK banks halt dividends as coronavirus slowdown looms

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UK banks halt dividends as coronavirus slowdown looms
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UK banks scrap dividends on coronavirus fears, pressure on bonuses

), said on Tuesday they would suspend dividend payments, saving their capital as a buffer against expected losses from the economic fallout from the coronavirus.

“The bank has a strong capital base, but we think it is right and prudent, for the many businesses and people that we support, to take these steps now,” Barclays chairman Nigel Higgins said.

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