Bloomberg HSBC Holdings Plc reopens its main Hong Kong office on Monday, after being closed last week in the wake of three people testing positive for coronavirus (Covid-19). “Precautionary measures — such as wearing masks, pre-entry temperature screening, hand sanitisers, spaced queuing and portable acrylic screens at open banking counters — will continue to be in place,” according to a …

Bloomberg The European Union’s top banking regulator urged lenders to promptly write off loans that are failing in the aftermath of the pandemic, warning that without action “zombie” firms could damage the economic recovery. Jose Manuel Campa, chairman of the Paris-based European Banking Authority, said in an interview on March 19 that regulators expect non-performing loans to “increase to a …

Bloomberg Credit Suisse Group AG plans to triple its headcount in China over the next three years, ramping up its ambitions to gain market share as the nation’s financial market opens. “We are planning to more than triple our presence in term of headcount in China over the next 3 years and look forward to strengthening our position,” Chief Executive …