Swedish watchdog calls on banks to shelve dividends due to coronavirus
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STOCKHOLM (Reuters) - Sweden's financial watchdog on Tuesday called on banks to cancel dividend payments and retain the cash to support the supply of credit at a time of stress caused by the coronavirus outbreak.In Sweden and elsewhere authorities have stepped in to boost companies' access to credit to ensure the financial system does not seize up like it did during the 2008-9 financial crisis. Still, there is also concern taxpayer money could end up in the pockets of shareholders rather than..