UPDATE 2-Big U.S. banks halt stock buybacks, citing customer needs during coronavirus
The United States’ biggest
banks will stop buying back their own shares, and will instead
use that capital to lend to individuals and businesses affected
by the coronavirus, an industry trade group said on Sunday.
banks will stop buying back their own shares, and will instead
use that capital to lend to individuals and businesses affected
by the coronavirus, an industry trade group said on Sunday.
Posted by Reuters
