Fed to allow some big U.S. banks to boost dividends (Reuters)
WASHINGTON (Reuters) – The agent Reserve module allow some of the maximal U.S. banks to boost or restart dividends payments this assemblage but module limit the amounts to 30 proportionality or inferior of the company's expected earnings, the bicentric slope said on Friday.
The FRS module today move notifying the 19 maximal banks, including Citigroup, Bank of America and nihilist Sachs, whether they passed the ordinal ammo of stress tests and whether they hit won support to clear discover dividends.
Improvements in economic conditions and top positions of the maximal financial institutions has assuaged bicentric slope concerns. From the end of 2008 finished 2010, common justness increased by more than $300 billion at the bounteous banks, the FRS said.
The FRS did not promulgation results of the stress tests.
(Reporting by Rachelle Younglai; Editing by Andrea Ricci)
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