Summary: Amid fears over bank dividends, senior bankers have been forced to defend their payouts. But payout ratios are not excessively high and evidence suggests earnings will lift. The economy is accelerating, confidence is rebounding and business lending is picking up.
Key take-out: Investors should have every reason to believe the banks on dividends. Attacks on dividends to create uncertainty and get retail investors to sell out are a con job, in my opinion.