IndependentAt least two FTSE 100 companies have struggled to pay declared dividends in recent weeks because of the banking system's inability to deliver the readies. With the payments system as close to breakdown as that, banks should not themselves be paying out bumper dividends.
If this is true -- and Warner is not prone to fabricating stories, and he is a respected journalist within the media -- then the banks are virtually bust. Though, no surprises there as far as I'm concerned. Is the day of reckoning beckoning? Potentially very worrying, indeed.