UPDATE 1-Big U.S. banks halt stock buybacks, citing customer needs during coronavirus
The biggest U.S. 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.
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
