“Capital conserved by refraining from dividend distributions and share buybacks can also be used to support households, small businesses and corporate borrowers and/or to absorb losses on existing exposures to such borrowers,” the ECB said.
Other companies in Europe including engineering group ABB
reported the impact of coronavirus on their finances.
President Donald Trump said social distancing measures would continue through the end of April and set June as his target for returning to normal.
There were 723,700 confirmed cases globally, including 143,025 in the U.S., according to the Johns Hopkins tracker of COVID-19 cases. It’s now been two weeks since New York City, the epicenter of the crisis in the U.S., started to implement shutdown measures.
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