ECB extends eurozone banks’ dividend payment pause
The European Central Bank extended its recommendation for eurozone banks to stop dividend payments and share buy-backs until January 2021.
The announcement today (July 28) added three months to the ECB’s recommendation in March that the bloc’s banks should halt buy-backs and dividend payments until October. The ECB also said it will not require banks to submit their plans for the reduction of non-performing loans until March 2021.
“I’m aware this won’t be particularly well received by
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