The European Central Bank extended on Tuesday a recommendation to euro zone banks not to pay dividends until the end of the year and allowed them to eat into their capital and liquidity buffers for even longer, to help them cope with the economic fallout of the coronavirus pandemic. The ECB said banks could withstand a second wave of infections, but it called on authorities to be ready to intervene and prevent a credit crunch, possibly including recapitalisations. The euro zone’s top supervisor extended a ban on dividends and share buybacks by two months until Jan. 1 and recommended that banks “exercise extreme ... (full story)