Banks have to pay taxes to the ECB but are not allowed to pay dividends.
What kind of funny cigarettes is Lagarde smoking in her Frankfurt tower of power?
ECB advocates waiving dividend payments
Meanwhile, the European Central Bank (ECB) is considering asking banks to waive dividend payments and share buybacks for a longer period. Because of the pandemic, the ECB's banking supervisory authority has already appealed to banks not to distribute any profits until at least October 1. This deadline could now be extended. ECB President Christine Lagarde has also spoken out in favor of this, suggesting that no dividends be paid out until the end of the year.
PAR13:04:13 GMT - 07/08/2020
Lagarde no longer interested in achieving the ECB's inflation goal.
Climate change is now her new obsession.
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Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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