UK banks26 Nov 2018 14:45
Barclays, Lloyds and Royal Bank of Scotland (RBS) have all signalled that they plan to ramp up dividend payments and share buybacks as a means of returning excess capital to investors hit by plunging share prices, caused by fears over Britain’s exit from the European Union and weaker than hoped for revenue growth.
Lloyds could return as much as 12 billion pounds ($15.4 billion) through dividends and buybacks over the next three years, analysts said, while RBS could pay out as much as 7 billion pounds over the same period.