The Fed’s ‘Run It Hot’ recipe works for markets. Jobs? Not that much
Goldman Sachs and Wells Fargo fall after Federal Reserve limits dividends and bans buybacks
REUTERS / Danny Moloshok Bank stocks fell on Friday after the Federal Reserve capped dividends and banned stock buybacks until at least the end of the third quarter. Goldman Sachs and Wells Fargo fell more than 5%, while Bank of America, JPMorgan and Citibank fell between 3.9% and 4.4%. The …
Read More »The Dow is falling as consumer spending disappoints
Text size People wait in line in front of a New York City bank in late May. fake pictures Weaker-than-expected economic data, record coronavirus cases and an unfavorable result for banks in Thursday’s Federal Reserve stress tests left the market lower on Friday. The Dow Jones Industrial Average fell 534 …
Read More »The Dow is falling as consumer spending disappoints
Text size People wait in line in front of a New York City bank in late May. fake pictures Weaker-than-expected economic data, an increase in coronavirus cases and an unfavorable result for banks in Thursday’s Federal Reserve stress tests left the market lower on Friday. The Dow Jones Industrial Average …
Read More »Fed bans share buyback, limits dividend payments for big banks after stress tests
On Thursday, the Federal Reserve banned more than 30 large US banks from repurchasing its shares and limited the size of dividends they could pay to shareholders due to the financial stress of the coronavirus recession. The Fed’s announcement came when the central bank released the results of the 2020 …
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