US Banks To Shell Out $96B After Stress Tests Boost Shareholder Payouts

[kreslik.news]

Shareholders in US banks are set to receive their biggest payouts since the global financial crisis after regulators gave executives the go-ahead to pay out around $96 billion worth of funds, as reported in the Financial Times today.

Estimates from RBC Capital Markets reveal that the industry is due to shell out around 16 per cent more capital than a year ago after 30 of 33 bankspassed the Federal Reserve’s latest stress tests without conditions, signalling they are increasingly confident that banks are able to withstand a crisis even more punishing than the 2008 meltdown.

Ernie Patrikis, a partner at White & ... (read more)