ECB asks eurozone banks to stop dividends
Bank of Israel also asks banks to reassess the distribution of dividends
The European Central Bank has urged eurozone banks stop distributing dividends at least until October 1.
In a similar vein, on March 29 the Bank of Israel instructed banks to re-examine their distribution of dividends. These decisions followed analogous steps taken by institutions in other jurisdictions, including Swedish financial regulator Finansinspektionen, and the Bank of England.
In a statement on March 27, the ECB recommended a freeze on dividends in a bid “to boost banks’ capacity to
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