Lloyds Banking Group

Coronavirus: UK banks may need to put aside £5bn to cover losses in first quarter | Business

Britain’s largest banks could be forced to put aside nearly £5bn to help cover potential loan losses in the first quarter, amid fears that the economic downturn caused by the Covid-19 outbreak

5 mins read

UK banks agree to scrap £8bn dividends amid recession fears | Business

Britain’s largest banks have agreed to scrap nearly £8bn worth of dividends in light of the coronavirus crisis, giving banks an additional cushion to weather an economic downturn. The Bank of England

5 mins read