BofA predicts consumer spending will drive loan growth in second half
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
What to expect when big banks start announcing capital payouts
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
The Goldman Sachs Group, Inc , JPMorgan Chase & Co blow estimates with stellar results
proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.
Synopsis
The loosening of restrictions marks a partial but significant win for firms that have been eagerly awaiting permission to boost capital distributions.
Shutterstock.com
By Jesse Hamilton and Yalman Onaran
The Federal Reserve, showing confidence in how banks are weathering the pandemic, gave industry leaders a green light to resume billions of dollars in stock buybacks. Lenders including JPMorgan Chase & Co. and Goldman Sachs Group Inc. said they’ll take the Fed up on its offer.
The loosening of restrictions marks a partial but significant win for firms that have been eagerly awaiting permission to boost capital distributions. Soon after the Fed’s announcement Friday, banks began disclosing plans to resume buybacks as soon as the first quarter.