https://www.bbc.co.uk/news/business-52114410 Some of the UK's biggest banks have agreed to scrap dividend payments and hold onto the cash, which may be needed during the coronavirus crisis. The Bank of England welcomed the decision to suspend the payments to shareholders and urged the banks not to pay bonuses to senior staff either. The banks, which include NatWest, Santander and Barclays, were due to pay out billions to shareholders. But in recent days they have come under pressure to hold onto the money. 'A sensible step' The deputy governor of the Bank of England, Sam Woods, wrote to some banking bosses asking them to suspend dividend payments. He asked them to confirm their decision by Tuesday evening. In a statement, the Prudential Regulation Authority, which is part of the Bank of England, said: "Although the decisions taken today will result in shareholders not receiving dividends, they are a sensible precautionary step given the unique role that banks need to play in supporting the wider economy through a period of economic disruption." Between them, Lloyds, Royal Bank of Scotland, Barclays, HSBC and Standard Chartered were expected to pay a total of £15.6bn to shareholders, according to analysis from investment firm AJ Bell. So let's see if I got this right. We are in the biggest financial crisis since the crash the banks caused in 2008 and the taxpayer had to bail them out which led to a decade of austerity but the banks were ready to pay out billions to shareholders and bosses while thousands, if not hundreds of thousands of otherwise profitable businesses would have to close because they couldn't get bank loans thus causing recession and a huge increase in unemployment which the taxpayer would again pay for and the banks have to TOLD not to do it by the Bank of England? Do these banking types actually give a damn about the society that keeps their profits rolling in or look beyond the next bonus payment?