The Federal Reserve is forcing banks to suspend stock buybacks and cap dividend payments for the third quarter of this year to ensure banks have enough liquidity if unemployment were to reach 19.5% in a worst-case scenario.
We talk to Mike Regan, senior editor at Bloomberg News, about sources of stress for the banks.
This article was originally published on WBUR.org.
Copyright 2021 NPR. To see more, visit https://www.npr.org. 9(MDExMDQwMzQzMDEzNjMyMTE3MjRkNzlmNg004))