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Bank of England relaxes COVID curbs on bank dividends

LONDON, Dec 10 (Reuters) - Britain’s banks can resume paying some dividends and bonuses as lenders appear well capitalised and resilient to fallout from the coronavirus pandemic, the Bank of England said on Thursday

“The Prudential Regulation Authority judges that an extension of the exceptional and precautionary action taken in March is not necessary and that there is scope for banks to recommence some distributions should their boards choose to do so,” the BoE said in a statement. (Reporting by David Milliken and Andy Bruce, writing by Huw Jones)

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