Italy's biggest bank, UniCredit , said on Sunday it was putting on hold plans to pay dividends on 2019 results and to buy back shares to meet regulatory calls to preserve capital to support the economy against the coronavirus.
FILE PHOTO: The UniCredit-Banca di Roma bank headquarters is seen in Rome, Italy September 30, 2018. REUTERS/Alessandro Bianchi
The European Central Bank told euro zone banks on Friday to skip dividend payments and share buybacks until the start of October at the earliest and use profits instead to boost capital and their ability to withstand losses and to lend.
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