Morgan Stanley to maintain dividend.
BANKING AND CREDIT NEWS-July 1, 2020--Morgan Stanley to maintain dividend
(C)2020 M2 COMMUNICATIONS http://www.m2.com
Global Banking News - 01 July 2020
Morgan Stanley (NYSE: MS) has said that it is to maintain its dividend pay-outs in spite of the challenges posed by the Coronavirus pandemic.
The bank is expected to pay out the dividend despite being required by regulators to maintain a Stress Capital Buffer (SCB) of 5.9 percent from October 1, 2020.
According to Yahoo.com, the firm's chair and CEO, James P Gorman, said, 'The CCAR 2020 results affirm our strong capital position and reflect the stability of our business model. We anticipate...
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