Central Bank of Brazil Prohibits Dividends, Pay Rises for Banks

The National Monetary Council (CMN) of the Central Bank of Brazil has temporarily prohibited pay rises for financial institutions in the country until September 2020. The ban is aimed at ensuring that funds are used to maintain credit and to absorb any future losses that may occur.

By Bonds & Loans

Apr 6, 2020 // 5:30PM

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Central Bank of Brazil Prohibits Dividends, Pay Rises for Banks

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