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Goldman Sachs, Wells Fargo up shareholder dividends after Fed gives green light
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The largest US banks said they would increase payouts to shareholders after the Federal Reserve said the banks are able to keep lending in a severe hypothetical recession.
Four of the six biggest banks boosted their dividend payments on 27 June. The collective 15% increase in payouts is relatively muted compared with last year, when the banks raised dividends by 40%. Several banks also outlined plans to buy back their own stock.
Goldman...
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