Euro zone banks ditch dividends to build coronavirus war chest
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ZURICH/LONDON (Reuters) - Banks across the euro zone are tearing up plans to return cash to shareholders at the behest of regulators, instead shoring up reserves as the coronavirus outbreak threatens to tip the world into a deep recession. As measures to fight the pandemic lead to a paralysis of economic activity, banks are on the front line in a battle to keep cash-starved businesses alive, although lenders in other countries such as Switzerland and the United States, in stark contrast, are..