JPMorgan halts stock buybacks, citing customer needs during coronavirus
14 Mar JPMorgan halts stock buybacks, citing customer needs during coronavirus
Posted at 22:49h
in
News
by KMFSLLP
JPMorgan Chase & Co
has decided to stop buying back its own shares amid the
coronavirus outbreak, and will instead use that capital to lend,
the biggest U.S. bank said on Sunday.
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