French banks take time to mull ECB dividend guidance

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French banks take time to mull ECB dividend guidance

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A French flag flies in the wind over the deserted Rue de Corbin in Rennes, France on March 30, 2020 at the start of the third week of confinement to counter the progression of the coronavirus / Covid-19. Photo by Vincent Feuray/ABACAPRESS.COM | Feuray Vincent/ABACA/ABACA/PA Images

Some of the largest financial institutions in the eurozone have yet to cancel or postpone their dividend distributions for this year, despite explicit guidance from the European Central Bank urging them to restrict payouts during the coronavirus crisis.

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