The Lone Voice of Mark Branson

Finews.com | Mar 27, 2020 at 5:55 AM
  • Mark Branson, Switzerland’s banking overseer, yesterday urged the industry to heed the call for prudence.
  • Even some major asset managers would accept a decision to push back the dividend payments if that would help the companies stay financially sound,  the «Financial Times» wrote (behind paywall).
  • As long as the banks and insurers of the country fulfill all requirements on how much capital they hold, the body can not prevent them from paying part of their profit as a dividend to shareholders.