European Central Bank extends bank ban on dividends and stock buybacks

European Central Bank extends bank ban on dividends and stock buybacks

The European Central Bank on Tuesday asked eurozone banks to extend a moratorium on paying dividends and buying back their own stock. The ECB said the prohibition has been extended from October to the end of the year. The moratorium is not mandatory. But few lenders are likely to defy the central bank, which has ultimate responsibility for supervising them.

Sandra
Sandra
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