Business
APRA creates winners and losers among bank shareholders – The Australian Financial Review
APRA’s latest directive to the banks to limit dividends to no more than 50 per cent of profits penalises shareholders in banks that scrapped interim dividends.
This more relaxed stance on the part of the regulator is not in itself surprising.
As The Australian Financial Review argued earlier this week, there was a general agreement among top economic policymakers that APRA needed to allow bank dividends to flow more freely in order to bolster confidence – both in the strength of the banking sector and in the broader economic outlook.
There were widespread fears that bank shareholders – many of whom rely on bank dividends as a source of income in reti…
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