Stock dividends

Outsourcing PPP, stress-test fallout, SCOTUS’ CFPB ruling: Top stories of the week

07/02/20

As PPP enters forgiveness phase, some banks see outsourcing as best move; after the Fed’s stress tests, Wells Fargo to cut dividend while other big banks boost capital buffer; Supreme Court strikes down CFPB leadership structure; and more from this week’s most-read stories.

[more]

2Q preview: Regional banks staring at steep profit declines

07/02/20

While elevated loan-loss provisions are expected to eat into all banks’ earnings, midsize banks could suffer more than their big-bank rivals because they have fewer revenue drivers. Meanwhile, investors will be watching closely for any signs of dividend cuts stemming from the Federal Reserve’s caps on payouts.

[more]

The high court's CFPB ruling; Wells to cut dividend in Q2

06/30/20

Supreme Court says the president has the power to remove the director at will; the bank is the only one of the six largest U.S. banks to say they will cut their dividend next quarter.

[more]

Wells customers phished, Fed caps dividends, Citi’s new ops chief: Top stories of the week

06/26/20

Wells Fargo customers targeted with phishing attacks using calendar invites; Fed freezes stock buybacks, caps dividends after stress test results; Citigroup names Titi Cole its head of global operations and fraud prevention.

[more]

Fed halts dividend hikes, buybacks; regulators vote to relax Volcker Rule

06/26/20

The Fed stopped short of banning payouts entirely following bank stress tests; banks get greater freedom to invest in venture capital funds and reduced collateral on swap trades.

[more]

Banks’ dividend payouts could hinge on COVID-19 stress tests: Quarles

06/19/20

The senior official said the Federal Reserve’s gauge of a firm’s performance under economic recovery scenarios will affect decisions about its capital distribution, but individual results of the analysis will not be made public.

[more]

Fed sets date for release of 2020 stress tests, COVID-19 analyses

06/09/20

Unlike in previous years, the results from two different evaluations will be released simultaneously and will include an assessment of bank capital under coronavirus-related scenarios.

[more]

How coronavirus could alter Fed’s thinking about stress tests

05/28/20

The general structure of this year’s reviews is unchanged despite the pandemic. But a supplemental analysis of banks' response to the downturn could weigh heavily in evaluating 2020 capital distributions and making adjustments to the tests over the long run.

[more]

Banks are still paying dividends, but for how long?

05/28/20

Payouts continue to be relatively generous, but that could change if the Federal Reserve demands banks bolster capital or the economy worsens.

[more]

Mortgage underwriting tightens as rates fall; HSBC mulls sale of U.S. unit

05/26/20

Despite record low mortgage rates, borrowers are having trouble getting loans from wary lenders; the underperforming American unit may be ditched in U.K. bank restructuring.

[more]