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The Fed: Fed caps bank dividend payments and suspends share-buybacks for third quarter after stress tests

25 Jun 2020

The Federal Reserve on Thursday voted to cap bank dividend payments to an income formulation and forbid share-buybacks as a study showed firms would take a big hit under some downside scenarios related to the coronavirus pandemic.


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This content was originally published by MarketWatch.com - Top Stories. Original publishers retain all rights. It appears here for a limited time before automated archiving. By MarketWatch.com - Top Stories

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