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Banks bow to pressure to scrap investor payouts

Several large UK banks have suspended dividend payments to shareholders to preserve cash.

Several large UK banks have suspended dividend payments to shareholders to preserve cash. The move was requested by the Bank of England's Prudential Regulation Authority, and Russ Mould of the investment management firm A J Bell offers his analysis. In the US, big banks have said they will suspend share buybacks during the crisis. Randy Krozner is professor of economics at the University of Chicago Booth School of Business and previously sat as a governor of the US Federal Reserve, and gives us his reaction. In recent days, a number of African countries have introduced lockdowns and restrictions of varying degrees in response to coronavirus outbreaks, and the Βι¶ΉΤΌΕΔ's Matthew Davies brings us a summary. We have a report examining global efforts by researchers at universities and pharmaceutical companies to identify drugs that might help cut the number of deaths from Covid-19. Plus, with toilet paper in short supply in many parts of the world, we hear how there are echoes today of a toilet paper shortage in Hawaii in the early 1970s.

(Picture: A man in a mask walks past the Bank of England. Picture credit: Getty Images.)

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27 minutes

Last on

Wed 1 Apr 2020 14:32GMT

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  • Wed 1 Apr 2020 14:32GMT