Legal & General defies Bank of England by pressing ahead with dividend

The Telegraph | Apr 3, 2020 at 5:26 PM
  • Britain’s major banks were persuaded to axe planned shareholder payouts this week after the Bank issued an ultimatum that it could use its enforcement powers to force their hand if they did not do so voluntarily.
  • Prudential may avoid regulatory pressure to stop paying dividends as its primary regulator is in Hong Kong.