Fed suspends share buybacks for banks, caps dividends

Fed suspends share buybacks for banks, caps dividends

The central bank will require all large banks to suspend share buybacks in the third quarter and will cap shareholder dividends to make sure the financial institutions remain strong enough to lend to the nation’s struggling businesses. Dividends will be capped at the amount paid in the second quarter, and can only be increased if […]

SoftBank raises $14.8bn from T-Mobile US share sale

SoftBank raises $14.8bn from T-Mobile US share sale

SoftBank has unwound a big portion of its stake in T-Mobile US in a deal set to inject $20bn into the Japanese group as it battles shareholder concerns over its corporate strategy.The company will raise $14.8bn in a share sale that priced on Tuesday, valuing T-Mobile...
Hertz seeks unusual $1bn share sale while in bankruptcy

Hertz seeks unusual $1bn share sale while in bankruptcy

Hertz, the car rental group facing bankruptcy, is looking to sell up to $1bn in stock to take advantage of frenzied trading in its shares, in an unprecedented move for a company whose solvency is in doubt.The proposed cash infusion, outlined in a filing on Thursday,...
Hertz share rally fizzles as it vows to fight delisting

Hertz share rally fizzles as it vows to fight delisting

Traders slammed the brakes on a rally in shares of Hertz on Wednesday, after the company notified investors of a dispute over its listing on the New York Stock Exchange.NYSE is moving to delist the company’s stock after the car rental group filed for bankruptcy last...