About: http://data.cimple.eu/news-article/12c4cce6e11014a8d1618d874616f1afffd0244304bbd2d4b4bcb53e     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • The Federal Reserve on Friday eased rules on major US banks meant to protect the financial system during the Covid-19 pandemic, allowing share buybacks and dividends to resume in certain circumstances. The central bank this year ordered 34 major US banks to suspend share buybacks in the last two quarters of 2020 and to limit dividend payments. However on Friday the Fed modified its regulations, saying for the January-March period of next year, "both dividends and share repurchases will be limited to an amount based on income over the past year." Firms not earning income won't be able to pay dividends or make share repurchases, the central bank said. Shortly after the announcement, JPMorgan Chase said it would repurchase $30 billion in shares starting in the first quarter. The Fed also released results of its second banking stress test of the year, which found that financial institutions "generally had strong levels of capital" even as they faced an uncertain outlook. "The banking system has been a source of strength during the past year and today's stress test results confirm that large banks could continue to lend to households and businesses even during a sharply adverse future turn in the economy," Fed Vice Chair for Supervision Randal K. Quarles said. The Fed normally conducts one stress test a year, but added a second in 2020 given the pandemic and the United States' entry into a recession. Dt-cs/bgs
schema:headline
  • Fed tweaks banking restrictions to allow some buybacks, dividends
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software