Tags: US | Fed | Banks

Fed Plan Lets Healthy Banks Boost Dividends

Wednesday, 17 Nov 2010 03:36 PM

 

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The Federal Reserve has adopted a plan to let healthy banks boost dividends paid to investors.

Banks would need to show the Fed's bank examiners that they're in good financial health and that they have adequate capital to absorb potential losses — even after paying the dividend.

The Fed oversees Wall Street's biggest banks, including Citigroup, Bank of America, JPMorgan Chase & Co., and Wells Fargo.

During the financial crisis, banks cut their dividend payments. By boosting their payments, banks may be able to attract new investors.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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