U.S. Fed bank stress tests pave way for stock buyback, dividend bonanza
The country’s largest lenders are poised to start issuing as much as $130 billion in dividends and stock buybacks from next month after the U.S. Federal Reserve gives them what is expected to be a clean bill of health on Thursday, said analysts.
Hong Kong passes immigration bill, raising alarm over ‘exit bans’
Hong Kong’s legislature passed on Wednesday a controversial immigration bill, which lawyers, diplomats and right groups fear will give authorities unlimited powers to prevent residents and others from entering or leaving the Chinese-ruled city. The government has dismissed those fears as “complete nonsense,” saying the legislation, which will come into effect on Aug. 1, merely […]
