As Economic Suffering Grips Regular Americans, Wall Street Behemoths Ready Feast of Stock Buybacks
For millions of regular Americans, the end of 2020 was marked by economic distress, with millions suffering pandemic-triggered job lossesand thus the loss of their employer-tied health insurancestill waiting on robust economic relief from federal lawmakers, and facing a weak social safety net.
For the nation’s biggest banks, however, the year closed out with reason for celebration, and they’re looking to take advantage of the banner year with a feast of stock buybacks.
As Axiosreported Friday,
Banks…
