[ad_1] FRANKFURT, Oct 13 (Reuters) – German banks should prepare for a surge in insolvencies as the coronavirus crisis pushes weaker companies over the edge and puts a question mark…
Tag: Credit Markets
Europcar nears rescue deal with lenders – sources
[ad_1] By Gwénaëlle Barzic, Dominique Vidalon PARIS (Reuters) – French car hire firm Europcar EUCAR.PA, hit by the coronavirus outbreak, is in talks with banks on a 223 million euro…
Mission creep? Italy’s bad loan manager irks rivals
[ad_1] MILAN (Reuters) – As the coronavirus rips through Italy’s already fragile economy, one sector should be thriving – the market for soured debt. Not so, say some would-be buyers…
Credit Suisse’s Asian business has highest level of credit provisions
[ad_1] HONG KONG, July 30 (Reuters) – Credit Suisse Group AG’s Asia-Pacific business has the highest level of credit provisions for potential loan losses across each of the bank’s major…
Brexit in January 2020 won’t lift fog over UK markets, investors say
[ad_1] LONDON – Never mind Britain’s general election and January 2020 Brexit deadline — there is a fog over UK assets that won’t lift any time soon, some of the…
Creditors of Kenyan supermarket chain Nakumatt to vote on winding it up
[ad_1] NAIROBI, Jan 7 (Reuters) – Creditors of Kenya’s Nakumatt supermarket chain, once a leading regional retailer, met on Tuesday to vote on whether to wind it up over an…
UK watchdog says bank customers may need longer-term crisis support
[ad_1] LONDON (Reuters) – Britain’s banks may need to consider longer-lasting support for customers who continue to face difficulties with loan repayments after COVID-19 relief measures end in the autumn,…