US regulators led by the New York Fed and the Treasury have told banks not to increase dividends or buy back shares until the economic and legislative picture becomes clearer – a move that could delay the return of capital to shareholders by months. Some investors have argued that strong financial companies such as JPMorgan and Goldman Sachs should consider raising dividends or buying back stocks. But while executives of the two have said they are open to returning cash to investors, they say they are not in a hurry if watchdogs oppose such moves.

This entry was posted by Gwen Robinson on Wednesday, March 10th, 2010 at 5:24 and is featured in The 6am Cut London (10 Mar 2010), The Lunch Wrap (10 Mar 2010) . Tagged with goldman sachs, jpmorgan. Edit this entry.