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HSBC and Standard Chartered to cancel dividends, suspend buy-backs

HSBC and Standard Chartered to cancel dividends, suspend buy-backs

HSBC and Standard Chartered said on Wednesday they would cancel their dividends and not launch any share buy-backs in 2020 after a financial regulator in the United Kingdom asked the country’s biggest lenders to suspend payments to investors and not pay cash bonuses to senior staff in light of the coronavirus pandemic roiling economies worldwide.
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