Sven Giegold

dividend freeze

ECB banking supervision orders Europe-wide dividend freeze: Banks should arm themselves with reserves against corona crisis

The European Banking Supervision (SSM) has temporarily banned the distribution of dividends and share buybacks by the 120 largest banks in the euro zone in an emergency meeting today. The Supervisory Board has decided that the banks directly supervised by the ECB will have to postpone decisions on the distribution of profits until October at […]