The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Big US banks' buybacks and dividends may not reflect financial health

The money comes from the preferred shares the banks are selling at a relatively high dividend

Published Wed, Mar 11, 2015 · 09:50 PM
Share this article.

New York

BIG US banks, including JPMorgan Chase & Co and Citigroup Inc, are expected to win Federal Reserve backing later on Wednesday to buy back more shares and increase their dividends in the coming year, but the approvals may be as much about the institutions' financial engineering as any improvement in their health.

Much of the …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here