Anat Admati: Dividends Can Wait Until Banks Are Stronger

American banks, encouraged by good earnings, are itching to “return capital” to shareholders. The US Federal Reserve is expected to allow dividend increases for many banks soon.This action is misguided. It puts the needs of bankers and their…

American banks, encouraged by good earnings, are itching to “return capital” to shareholders. The US Federal Reserve is expected to allow dividend increases for many banks soon.

This action is misguided. It puts the needs of bankers and their shareholders ahead of those of the economy.

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