Frankfurt | Germany's financial watchdog has urged banks to refrain from share buybacks and think twice before paying dividends and bonuses, the latest warning from regulators in Europe worried that banks could misuse funds meant to bolster the economy against the coronavirus.
Regulators have recently enacted measures to make it easier for banks to lend and to absorb losses as economic crisis looms, but they want to prevent the money, which ultimately comes from taxpayers, ending up in the pockets of shareholders or bankers.
