Italy's Banca Generali, Mediolanum adopt ECB recommendation on dividends
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MILAN (Reuters) - Italian asset managers Banca Generali and Banca Mediolanum on Monday joined the country's biggest bank UniCredit in suspending dividend payments in line with guidance from regulators.The European Central Bank told euro zone banks on Friday to skip dividend payments and share buybacks until the start of October at the earliest and use profits to support the economy hit by the coronavirus pandemic.The Bank of Italy issued a similar recommendation for smaller banks under its..