Federal Reserve Places New Restrictions On Banks, Freezing Stock Buybacks And Limiting Payouts
TOPLINE
The Federal Reserve on Thursday placed new restrictions on the banking industry for the first time since the aftermath of the 2008 financial crisis, requiring big banks to temporarily suspend share buybacks and cap dividend payments at current levels.
The Fed cracked down on big banks in an effort to protect the economy during the coronavirus … [+] pandemic.
Jacquelyn Martin/ASSOCIATED…
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