Bloomberg Australia will make it easier for banks to approve mortgages and small-business loans to help the economy recover from its first recession in almost 30 years. Shares of the nation’s biggest lenders surged. As part of a sweeping overhaul of so-called responsible lending obligations, the government will allow banks to rely on income and spending information provided by borrowers ...

Bloomberg Commerzbank passed over internal front-runners in favour of an executive with a reputation for tough cuts at its biggest rival to push through one of the largest restructuring programs in its history. Manfred Knof, 55, head of German retail banking at Deutsche Bank AG, takes over from Martin Zielke as Commerzbank chief executive officer on January 1, according to ...

Bloomberg Singapore’s central bank is in talks with lenders about extending the nation’s debt moratorium programme beyond December 31 to provide extra relief for borrowers hit by the fallout from the coronavirus pandemic. One of the key measures being discussed by the Monetary Authority of Singapore (MAS) and local banks is the possibility of lengthening the debt relief program, with ...