Lloyds, Barclays, HSBC and other UK banks move higher as dividend ban lifted

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The Bank of England's Prudential Regulation Authority said the banks remained "well capitalised and resilient” and as a result the restrictions on payouts were being lifted with immediate effect Shares in several of the UK’s major banks moved higher on Tuesday after the scrapped a ban on dividend payments introduced during the Coronavirus pandemic. In a statement on Tuesday morning, the BoE’s Prudential Regulation Authority (PRA) said that the UK’s banks “remain well capitalised and resilient” and that uncertainty around the economy and the pandemic had “decreased significantly” since December last year. READ: Lloyds fined £91mln over insurance renewals As a result, the PRA said the “guardrails” on dividends introduced in 2020 have been “removed with immediate effect” as part of the central bank’s intention to “transition back to its standard approach to capital-setting and shareholder distributions through 2021”. The BoE initially forced
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