To bolster the banks ahead such a potentially damaging recession, the Fed ordered them to suspend buybacks of their own stock and to cap dividend payouts until September 30.from Top Business News- News18.com
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Thursday, June 25, 2020
US Fed Stops Big Banks from Buying Back Stock, Caps Dividends amid Covid-19 Pandemic
To bolster the banks ahead such a potentially damaging recession, the Fed ordered them to suspend buybacks of their own stock and to cap dividend payouts until September 30.from Top Business News- News18.com
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