More on the Fed extending curbs on big bank buy backs, dividends through end of year

Author: Eamonn Sheridan | Category: Central Banks

The main points were covered here earlier: The Fed has extended its limits on bank dividends and buybacks through Q4

Reuters have a recap up for those wanting a little more: 
  • restrictions apply to 34 banks
  • banks cannot pay higher dividends than they did in the second quarter, and payments cannot exceed a firm's average net income over the last four quarters
  • Large banks will face a second pandemic Fed stress test later this year
The main points were covered here earlier: The Fed has extended its limits on bank dividends and buybacks through Q4


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