PARIS (Reuters) – French banks, Societe Generale and Natixis joined a cohort of European peers that announced plans to skip 2019 dividends following the European Central Bank’s guidance to direct profits toward supporting the economy during the coronavirus crisis. France’s third-largest bank Societe Generale said on Tuesday its board has decided to cancel dividend distribution […]
(Reuters) – Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak, scrapping flights and ditching financial forecasts. Below is a list of how the world’s biggest airlines have responded (in alphabetical order): AIR FRANCE-KLM <AIRF.PA> Air France-KLM said on March 16 it would park its biggest airliners […]
LONDON (Reuters) – British challenger bank Virgin Money <VMUK.L> is planning to cut 500 jobs as it presses ahead with cost-cutting after bulking up through the merger of Virgin Money and Clydesdale and Yorkshire Banking Group in 2018, it said on Wednesday. The lender also said it would close 22 branches and consolidate a further […]
