UPDATE 1-BoE allows banks to tap capital cushion during coronavirus
The Bank of England told banks
on Wednesday they can tap one of their capital buffers to
maintain lending during the coronavirus epidemic, but warned
they must not use the cash for bumping up bonuses or dividends.
on Wednesday they can tap one of their capital buffers to
maintain lending during the coronavirus epidemic, but warned
they must not use the cash for bumping up bonuses or dividends.
Posted by Reuters
