BoE Eases COVID-19 Restrictions

The Bank of England (BoE) has decided to ease some of the restrictions that it imposed on the banking sector to help face the economic consequences of the Coronavirus (COVID-19) pandemic.

After suspending dividends, bonuses, and share buy-backs until the end of 2020, the BoE has told Britain’s largest banks that they can now resume such activities as the sector seem in a good position to face the fallout resulting from the pandemic, Reuters reported.

Banks are expected to resume paying bonuses and dividends.