Bloomberg Foreign official holdings of Treasuries stashed at the Federal Reserve declined $21.7 billion during the first week of April, as the economic consequences of the coronavirus roiled governments and central banks around the world. The decrease appeared in the Fed’s weekly custody data, with the latest figure indicating a drop for the week that ended April 8. That’s the ...

Bloomberg Canada’s five biggest banks approved about 69,000 in loans on the opening day of the federal government’s relief program for small businesses hurt by the coronavirus pandemic. That totals $2 billion if every client took the full amount allowed under the Canada Emergency Business Account, which offers government-guaranteed loans of as much as C$40,000 that are interest-free through 2022. ...

Bloomberg South African banks are pushing for the creation of a loan-guarantee program to boost the flow of credit as lenders ramp up efforts to help clients cope with the coronavirus fallout. The nation is in its second week of a 21-day lockdown to contain the spread of Covid-19, which if extended could further cripple an economy already in recession. ...