Sen. Schatz, Senators Urge Fed to Suspend Payments to Shareholders During Pandemic, Ensure Stability of U.S. Financial System
June 25, 2020
June 25, 2020
WASHINGTON, June 25 -- Sen. Brian Schatz, D-Hawaii, issued the following news release:
U.S. Senator Brian Schatz (D-Hawai'i) led a group of senators in calling on the Federal Reserve ("the Fed") to require banks to suspend dividend payments to shareholders as the economy struggles to recover from the ongoing COVID-19 crisis. The senators urged Fed Chair Jerome Powell and Vice Chair Randal Quarles to ensure banks conserve capital now so that they can continue lending if the . . .
U.S. Senator Brian Schatz (D-Hawai'i) led a group of senators in calling on the Federal Reserve ("the Fed") to require banks to suspend dividend payments to shareholders as the economy struggles to recover from the ongoing COVID-19 crisis. The senators urged Fed Chair Jerome Powell and Vice Chair Randal Quarles to ensure banks conserve capital now so that they can continue lending if the . . .