Bank dividends could be at risk. Bank stocks fell on Friday after the Federal Reserve highlighted potential vulnerabilities in the sector. The central bank suspended buybacks and limited dividends from financial institutions until the third quarter after its recent stress tests. Banks are expected to announce any changes in their …
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Even before the coronavirus pandemic caused state closings and led to one of the fastest recessions in modern history, as many as 60 million Americans struggled to qualify for credit cards and loans. Early data shows that the restriction will only worsen as the pandemic continues to disrupt daily life, …
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LONDON (Reuters) – Reforms to the global financial system following the banking crisis of a decade ago have reduced the risk that taxpayers will have to bail out lenders again, but some gaps have yet to be closed, the Board of Directors said Sunday. Financial Stability (FSB). FILE PHOTO: Office …
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Kevin Lamarque / Reuters The Federal Reserve on Thursday imposed new restrictions on the US banking system after its annual stress test showed that some banks may approach minimum capital levels in certain coronavirus pandemic scenarios. Banks must suspend the buyback of shares for the third quarter of the year, …
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Xinhua / Wang Ying / Getty Images The bank’s shares rose Thursday after financial regulators announced they would ease the Volcker Rule from the era of the financial crisis. The Volcker Rule generally prohibits banks from engaging in property operations and having certain relationships with hedge funds and private equity …
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