Bankers Are Enriching Shareholders – And Putting the Global Economy at Risk

During the last financial crisis, banks paid out dividends to shareholders even as losses mounted and the financial sector headed toward collapse. Now, even as they face big losses on commercial real estate loans, the nation’s largest banks are once again being permitted to continue paying out billions of dollars of dividends to shareholders — and a top Trump appointee at the Federal Reserve has pushed to weaken rules requiring banks to keep large cash reserves on hand to cover losses.