Exports, not loans, constitute solution
Textile exports for April, 2023 clocked in at $1.24 billion, a staggering $500 million less than the previous year’s exports for April, 2022 and a colossal $1 billion per month…
US bank loan plan provides Fed rate hike path amid SVB fallout
A US lending program to stem deposit outflows in the wake of Silicon Valley Bank’s collapse gives the Federal Reserve scope to continue raising interest rates if needed to slow…
China’s top banks to issue offshore loans to help developers repay debt
China has ordered its top four state-owned banks to issue offshore loans to help developers repay overseas debt, three people with knowledge of the matter told Reuters, in Beijing’s latest…
China central bank to offer cheap loans to support developers’ bonds
China’s central bank will offer cheap loans to financial firms for buying bonds issued by property developers, four people with direct knowledge of the matter said, the strongest policy support…
Loans from the IMF
Although I am currently in Canada, I am not unaware of the ongoing situation in Pakistan and the South Asian region. The economic crisis in Sri Lanka is becoming worse…
China regulator launches new probe into banks’ property loan exposure
China’s banking regulator is scrutinising property loan portfolios of some local and foreign lenders to assess systemic risks, sources with knowledge of the matter said, as a crisis in the…
US, European banks could lose over $5bn from risky buyout loans
The biggest US lenders, including Bank of America and Citigroup, wrote down $1 billion in the second quarter on leveraged and bridge loans as rising interest rates made it tougher…
Banks’ snubbing of junk-rated loan funds worsens financing logjam
A decision by banks to change how they invest spare capital is limiting their ability to extend loans to companies with weak balance sheets during the financial market downturn, fund…
JPMorgan looking to offload Saudi and UAE sovereign fund loans
JPMorgan is seeking to sell at a discount loans raised by the sovereign wealth funds of Saudi Arabia and the United Arab Emirates, according to two sources and a document,…
EU faces bankruptcies and bad loans as COVID-19 help for firms ends: EU document
The European Union is facing a surge in bankruptcies and bad loans once the post-pandemic economic recovery starts to take hold and governments begin withdrawing state schemes that are keeping…
