Giovedì, 18 Ottobre 2018

Bank of Italy tells loss-making banks to not pay dividends


Rome, March 14 - Italy's central bank on Thursday
asked Italian banks with balance sheets in the red for 2012 not
to pay bonuses to managers or dividends.
In a statement, the Bank of Italy said that banks should
not only eliminate bonuses to chief executives if 2012 results
are loss-making but that they should also reduce bonuses to
other employees.
The bank added that banks should not try to find other
methods to "get around" the requested bonus-ban by using, for
instance, salary increases or increases in variable compensation
for future years.

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