March 24, 2020 / 1:38 PM / 12 days ago

German finance watchdog tells banks no buybacks, caution with dividends and bonuses

FRANKFURT, March 24 (Reuters) - Germany’s financial watchdog on Tuesday urged banks to refrain from share buybacks and to think twice before paying dividends and bonuses.

“We advise financial institutions to handle existing capital resources very carefully,” Bafin President Felix Hufeld said in a statement. (Reporting by Tom Sims Editing by Michelle Martin)

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