The US Federal Reserve ordered the country's 34 largest banks to suspend stock buybacks and dividend payouts until September 30. Photo: AP
The US Federal Reserve ordered the country's 34 largest banks to suspend stock buybacks and dividend payouts until September 30. Photo: AP
US Federal Reserve caps big bank dividend payments to preserve capital
Central bank found lenders could suffer as much as $700bn in loan losses under most severe ‘W-shaped’ economic recovery
