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After big banks suspend stock buybacks, will regionals follow suit?

Mar 16, 2020 - American Banker

Eight major U.S. banks are halting near-term plans to buy back their own shares in the midst of the coronavirus pandemic, and investors will be watching closely to see if regional banks do the same.

So far, U.S. Bancorp in Minneapolis, PNC Financial Services Group in Pittsburgh and Regions Financial in Birmingham, Ala., have suspended share buybacks in the near-term. Like the eight global banks, the three declared they will halt their repurchase programs in response to the COVID-19 crisis ...