He European Central Bank (ECB) plans to ease bank dividend restrictions and allow lenders to pay 15% of accumulated earnings from 2019-2020Reuters reported Monday, citing sources familiar with the matter.
Reportedly, the ECB will decide on dividends on a case-by-case basis and lenders will have to prove their case to get approval.
Market reaction
This report does not appear to be affecting the performance of the shared currency against its rivals. At time of writing, the EUR / USD pair was trading at 1.2135, gaining 0.2% on the day.
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