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MNI BRIEF: Fed Ending Buyback, Dividend Limits for Most Firms

WASHINGTON (MNI)

The Federal Reserve said Thursday it will halt remaining restrictions on most bank stock buybacks and dividends after June 30, citing resilience in the latest stress testing.

"Firms with capital levels above those required by the stress test will no longer be subject to the additional restrictions as of that date," the central bank said in a statement. "Firms with capital levels below those required by the stress test will remain subject to the restrictions."

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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