Bloomberg Japanese banks took almost $90 billion of cheap-dollar funding through the Federal Reserve’s enlarged swap lines on Tuesday, with total borrowings surpassing the record seen during the global financial crisis. Including earlier operations on March 17 and 23, the lenders have gobbled up more than $150 billion of dollars, exceeding the amount seen in other nations with the revamped …

Bloomberg The Philippine central bank is infusing more funds into the economy, slashing big lenders’ reserve requirement ratio (RRR) by 2 percentage points and flagging more cuts to come. “The reduction is intended to calm the financial markets and encourage banks to continue lending to both the retail and corporate sectors,” Governor Benjamin Diokno said in a mobile phone message …

Bloomberg Citigroup Inc. will award special bonuses to employees under certain income thresholds as it seeks to stem the financial impact of the coronavirus pandemic. In the US, employees who make $60,000 or less a year in base salary will receive a $1,000 payment, Chief Executive Officer Michael Corbat told employees in a memo. For workers based outside the US, …