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Fed Caps Bank Payouts Amid Loss Threat
Friday, June 26, 2020 in Press
The Federal Reserve will require all large banks to suspend share buybacks in the third quarter and will cap shareholder dividends to make sure the financial institutions remain strong enough to lend to the nation's struggling businesses.
Dividends will be capped at the amount paid in the second quarter, and can only be increased if a company has sufficiently high earnings. And on top of all that, every bank will be required to re-evaluate their capital plans, the Fed said. Read more
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GFOA Policy re: Proper Referencing of the Comprehensive Annual Financial Report
March 09, 2021
Effective immediately, the Government Finance Officers Association (GFOA) is asking all industry affiliates to immediately stop using the common four-letter acronym most often associated with the Comprehensive Annual Financial Report. Instead, GFOA recommends referring to the report by either the full name or by using a shortened format that does not include the four-letter acronym. For instance, the “Annual Report” would be acceptable.
Read moreThe IMET 2020 Comprehensive Annual Financial Report is now available
February 26, 2021
The IMET 2020 Annual Report is now available
Read moreIMET February 2021 Monthly Newsletter
February 11, 2021
IMET February 2021 Monthly Newsletter
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