Bloomberg Standard Chartered put aside $956 million against potential losses as souring loans spike during coronavirus pandemic, even as a trading boom lifted first-quarter revenue. The emerging markets-focused lender reported the biggest provisions since 2015 as clients across Asia, Africa and the Middle East got into difficulty because of lockdowns and travel restrictions. That reflects similar warnings from other global ...

Bloomberg A blockbuster quarter for Barclays Plc’s traders was overshadowed by a 2.1 billion pound ($2.6 billion) bad-loan charge stemming from the coronavirus pandemic. The securities division reported a 77% jump in first-quarter trading revenue on Wednesday as the virus whipsawed markets, beating the average 30% gain at US peers. However, the lender set aside its biggest quarterly provision in ...

Bloomberg The chief executive of Nordea Bank Abp said there’s no doubt loan losses will rise after the biggest Nordic bank reported a smaller spike than expected in impairments. It’s still “too early” to know how much damage the Covid-19 crisis will do to loan books, CEO Frank Vang-Jensen said in an interview with Bloomberg Television on Wednesday, shortly after ...