Bank of England scraps pandemic-era curbs on bank dividends

1 minute ago by Reuters1 minute ago by Reuters1 minute ago by Reuters1 ReadFILE PHOTO: On June 11, 2021, a person walks past the Bank of England in the City of London financial sector in London, United Kingdom. Henry Nicholls/Henry Nicholls/Henry Nicholls/Henry Nicholls (Reuters) – LONDON (Reuters) – The Bank of England lifted pandemic-era restrictions on HSBC, Barclays, and other major banks’ payouts on Tuesday, citing a stress test that demonstrated the sector is adequately capitalized to deal with the effects of COVID on the economy. The Financial Policy Committee of the Bank of England declared that “exceptional guardrails on shareholder distributions are no longer essential” and that “interim results of the 2021 solvency stress test, coupled with the central outlook, are consistent with this judgment.” Huw Jones and David Milliken contributed reporting./nRead More