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LONDON/FRANKFURT: European Central Bank officials are drawing up a scheme to cope with potentially hundreds of billions of euros of unpaid loans in the wake of the coronavirus outbreak, two people familiar with the matter told Reuters.
LONDON: The British government is considering a plan for a "bad bank" that would hold stakes in bailed-out businesses that many fear could fail during the COVID-19 crisis, the Sunday Times newspaper reported..
MUMBAI: Indian lenders want the government to provide up to US$2bil to set up a “bad bank” at a time when their heavy pile of soured debt is expected to double in size due to the Covid-19 pandemic, according to two sources with knowledge of the matter.
EUROPE’S banks have often complained about too much regulation hampering their ability to lend. The Covid-19 epidemic shows that when times are bad, the real constraint lies elsewhere: in the financial markets.
MADRID: Spanish bad bank Sareb’s record of selling assets has been far from stellar. To understand why, look no further than this frustrated buyer of a Costa del Sol property.
FRANKFURT: Deutsche Bank said on Wednesday the German lender posted a larger-than-forecast loss of 3.15 billion euros (US$3.51 billion) in the second quarter due to major restructuring costs.
HONG KONG: Whole teams within Deutsche Bank AG have been told their positions were gone, as the lender began axing 18,000 jobs globally in one of the biggest overhauls to an investment bank since the aftermath of the financial crisis.