The European Central Financial institution has urged eurozone banks cease distributing dividends a minimum of till October 1.
In an analogous vein, on March 29 the Financial institution of Israel instructed banks to re-examine their distribution of dividends. These choices adopted analogous steps taken by establishments in different jurisdictions, together with Swedish monetary regulator Finansinspektionen, and the Financial institution of England.
In a press release on March 27, the ECB really helpful a freeze on dividends in a bid “to spice up banks’ capability to
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