FDIC releases draft policy on bank stock buybacks and dividends during crises
By EsqSocial Corporation 24/12/24
On December 17, CFPB Director Rohit Chopra, as a member of the FDIC Board of Directors, released a discussion draft outlining the FDIC’s enforcement policy on bank stock buybacks and dividends during “unusual and exigent circumstances.” The draft stressed the importance of a healthy and stable banking sector during times of stress when banks are vital credit sources....
By: Orrick, Herrington & Sutcliffe LLP