There’s a number of steps Canada’s seven largest banks could take to conserve capital
TORONTO — Severe stress in the oil and gas sector could prompt some Canadian banks to reduce their dividends, but that would be a last resort, according to analysts at Moody’s Investors Service.
In a report Monday, the debt-rating agency stress-tested the impact on bank capital of a severe scenario stemming from low oil prices, and concluded that there are a number of steps Canada’s seven largest banks could take to conserve capital before resorting to trimming their dividend payouts.
Read the full article at: business.financialpost.com
