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

By Fiona Maxwell ( July 3, 2020, 10:23 GMT | Insight) -- Bank capital rules must be reactivated in the autumn to address the profitability challenge facing UK lenders amid the Covid-19 crisis, Royal Bank of Scotland Group chairman Howard Davies said today. On the regulatory side, capital requirements and distribution rules need revisiting, he argued. But there's another, bigger question facing lenders regarding their business models in view of a diminishing overall profitability of banks and their attractiveness to investors.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....

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