IPFS News Link • Economy - Economics USA
Zombie Banking System Takes Another Leap Forward; Sugar Crisp Buybacks
• MIKE SHEDLOCKThe means banks choose to finance buybacks and pay for dividend hikes is irrelevant to most (the unthinking crowd), but amusing or scary to others.
Zombie Banking System Progression
Reuters writer David Henry explains U.S. Banks' Buybacks, Dividends may be no Reason for Shareholder Celebrations.
Big U.S. banks, including JPMorgan Chase & Co (JPM) and Citigroup Inc (C), are expected to win Federal Reserve backing on Wednesday to buy back more shares and increase their dividends in the coming year, but the approvals may be as much about the institutions' financial engineering as any improvement in their health.