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German regulator says banks should not pay dividends - newspaper

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FRANKFURT — German banks should refrain from paying dividends given the economic turmoil triggered by the coronavirus pandemic, the head of markets regulator Bafin told the Frankfurter Allgemeine Sonntagszeitung newspaper.

“This is a very strong recommendation which banks should stick to,” Felix Hufeld said in remarks published on Sunday. (Reporting by Edward Taylor; Editing by Pravin Char)

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