Bloomberg Banks in Denmark expect the Covid-19 crisis to hit them hard in the second quarter, with anticipated losses bigger than at any time during the financial crisis, according to the central bank. More lenders anticipate reporting bigger impairments and losses than at any other time in the poll’s history, according to a quarterly survey. With first-quarter earnings reports imminent, …

Bloomberg The Bank of Korea (BOK) said it will offer loans to brokerages and insurers to ease funding strains as coronavirus pandemic roils markets. South Korea’s central bank has slashed the policy rate to a record low and taken steps in tandem with the government to extend liquidity to financial companies. Yet some non-banking firms are still scrambling to fund daily …

Bloomberg UK banks must get on with providing loans to small and medium-sized businesses to counter the economic shock from the coronavirus pandemic, according to Bank of England (BOE) Governor Andrew Bailey. Asked about scenarios presented by the public spending watchdog this week that showed economic output could plunge 35% in the second quarter, Bailey said that isn’t implausible. The …