Europe’s Banks Told to Hold Off on Dividends

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Europe’s Banks Told to Hold Off on Dividends
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The European Central Bank said banks should moderate bonuses and hold off on dividends until next year

The ECB, which supervises the largest banks in the eurozone, extended its previous recommendation for a moratorium on dividends and buybacks until January from

October. It also asked banks to moderate the payment of bonuses and consider alternatives to cash payments, such as shares. It said it would review its position...

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