ECB to ease bank dividend restrictions, will allow payments of 15% of 2019-2020 profits

ECB to slightly ease dividend restrictions

  • Will allow lenders to pay out 15% of 2019-2020 cumulative earnings
  • Will decide on dividends on case-by-case basis
  • Lenders will have to prove their case to gain approval

These headlines are from Reuters, citing sources. European financials are a tad higher on this.

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