⁍ The bosses of European banks Barclays and Santander have called on regulators to allow lenders to restart payouts to shareholders.
⁍ ‘Being able to distribute excess capital is very important if the broader economy is going to have confidence in its financial system,’ Barclays CEO Jes Staley said.
⁍ Santander chairman Ana Botin added: ‘Going back to dividends is going to help the economy because it helps the flow of capital, it lowers the cost of equity
– The chief execs of two of Europe’s biggest banks are calling on regulators around the world to allow them to restart payouts to shareholders, Reuters reports. “Being able to distribute excess capital is very important if the broader economy is going to have confidence in its financial system,” Jes Staley, CEO of Barclays, told the Institute of International Finance. “Going back to dividends is going to help the economy because it helps the flow of capital, it lowers the cost of equity, so I would like to put on that the table as something to be considered very seriously by global regulators,” said Ana Botin, chairman of Santander.
Source: https://www.reuters.com/article/banks-dividends/refile-barclays-santander-bosses-call-for-return-of-bank-dividends-idUSL8N2H74OE