The Fed still has not directed banks to suspend shareholder payouts – but here's a central bank that has
The Reserve Bank of New Zealand is restricting all locally-incorporated banks from paying dividends on ordinary shares
– is also preventing them from redeeming bond issues
The restrictions take effect immediately, 2 April, and will stay in place until "the economic outlook has sufficiently recovered". That is, says the RBNZ, "until further notice".
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