Financial Services Financial Services

UK banks need capital, dividend rules restored to ease Covid-19 profitability fears, says RBS chairman

By Fiona Maxwell
  • 03 Jul 2020 05:53
  • 03 Jul 2020 05:53
Bank capital rules must be reactivated soon to address the profitability challenge facing UK lenders amid the Covid-19 crisis, Royal Bank of Scotland Group's chairman said today.
The amendments to prudential rules and the limits on distributing profits put in place in the wake of the pandemic need to be

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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