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Move is probably more political than financial in nature. Since GFC2008, it is probably politically correct to "bail out" companies, after the painful Lehman Brother bankruptcy. Then it was politically impossible to bail Lehman Brothers out but the consequences was for all to see and pave the way for the current "bail out" expectations.
Fed puts restrictions on bank dividends after test finds some banks could be stressed in pandemic
The biggest U.S. banks already said in March that they would voluntarily suspend share repurchases, which make up roughly 70% of capital payouts for the industry.
What remained were the dividends, which bank analysts have mostly assumed would remain at their current levels – with the exception of Wells Fargo, which is struggling to restore profits after its fake accounts scandal. Still, options market traders have bet that banks would be forced to cut dividends, even at JPMorgan, the biggest and most profitable of the megabanks
https://www.cnbc.com/2020/06/25/fed-puts...demic.html
Fed puts restrictions on bank dividends after test finds some banks could be stressed in pandemic
The biggest U.S. banks already said in March that they would voluntarily suspend share repurchases, which make up roughly 70% of capital payouts for the industry.
What remained were the dividends, which bank analysts have mostly assumed would remain at their current levels – with the exception of Wells Fargo, which is struggling to restore profits after its fake accounts scandal. Still, options market traders have bet that banks would be forced to cut dividends, even at JPMorgan, the biggest and most profitable of the megabanks
https://www.cnbc.com/2020/06/25/fed-puts...demic.html