US Fed Stops Big Banks from Buying Back Stock, Caps Dividends amid Covid-19 Pandemic - Mkwebdeveloper Technical Mantra

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    Thursday 25 June 2020

    Home business US Fed Stops Big Banks from Buying Back Stock, Caps Dividends amid Covid-19 Pandemic

    US Fed Stops Big Banks from Buying Back Stock, Caps Dividends amid Covid-19 Pandemic

    To bolster the banks ahead such a potentially damaging recession, the Fed ordered them to suspend buybacks of their own stock and to cap dividend payouts until September 30.

    from Top Business News- News18.com https://ift.tt/3evjJCN
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