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Controversial action of the pastor

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Big banks in the United Kingdom have scrapped payouts to shareholders this year. So have many European banks. But across the pond, the top boss of the biggest bank in the United States by assets is still thinking about it.

 

JPMorgan Chase & Co's chief executive Jamie Dixon said in his annual letter to shareholders published on Monday that he sees a "bad recession" in 2020, and that the bank could suspend its dividend payouts to shareholders if the coronavirus crisis deepens.

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