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Banks
is the income tide turning?
So far this year 48 FTSE 100 companies have cut or suspended shareholder payouts compared to 47 that have kept or increased their returns
Corporate dividend trends are difficult to identify, with the impact of the coronavirus having led…
Banks told to extend support for struggling borrowers by another three
"The proposals provide an expected minimum level of financial support for consumers who remain in, or enter, temporary financial difficulty due to coronavirus"
Banks and credit providers have been told to extend payment holidays and…
Wirecard rocked as auditor EY refuses to sign off accounts over missing
The German payments processor has provided the financial backbone for countless fintech companies including Monzo, Revolut, Loot, Curve, Funding Circle and Atom
Auditor EY has refused to sign off the accounts of payments company…
Lloyds Banking Group PLC vows to repay make up dividends to shareholders
PLC () has vowed to make up the dividends missed by shareholders after it cancelled the final payment for 2019.
The bank, along with its rivals, committed not to declare dividends or carry out share buybacks for the rest of 2020…
Greene King and Lloyd’s of London to pay reparations over founders’ slave
Archives at UCL have also revealed that several banks including RBS, HSBC and Barclays also profited from the practice, which was abolished in the British empire in 1833
Pub chain Greene King and insurance market Lloyd’s of London have…
Wirecard CEO resigns as Asian banks deny having missing cash
The departure of the German payment group's CEO comes a day after auditor EY said it would not sign off the accounts due to €1.9bn of cash being missing
Wirecard chief executive Markus Braun has resigned a day after the company’s…
Monzo valuation could drop by 40% as customers curb spending
is reportedly in the final stages of negotiating a fresh round of funding that might see its valuation drop by 40%.
The fast-growing digital-only bank is looking to raise £70-80mln to strengthen its balance sheet, but the price of…
Bad news or good news? Comparing coronavirus impacts on the big five banks
The “good news” is that the UK’s top lenders losses were nowhere near the amount absorbed by their US cousins, one analyst said
Between them, Britain’s big five banks have so far made provisions for £7.5bn of bad loans later this year…
Dividends forecast to fall at least 15% in 2020
The government is reportedly looking at preventing companies that have taken loans from paying dividends
Dividend payments around the world are expected to fall at least 15% this year, even in the best-case scenario of the coronavirus…
Barclays PLC facing £1.5bn High Court claims from Amanda Staveley
“We believe the claim is misconceived and without merit and Barclays will be vigorously defending it,” the bank says
() lawyers this week begin defending the bank against a £1.5bn civil lawsuit filed by financier Amanda Staveley over…