Fed Limits Bank Payouts and Suspends Share Buybacks as Pandemic Grinds On

New York Times, June 26, 2020–Jeanna Smialek, Peter Eavis, Kate Kelly
The Federal Reserve on Thursday temporarily restricted shareholder payouts by the nation’s biggest banks, barring them from buying back their own stocks or increasing dividend payments in the third quarter as regulators try to ensure banks remain strong enough to keep lending through the pandemic-induced downturn.