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 ...

Bloomberg The US central bank said it will disclose information regarding borrowers who seek emergency aid through its forthcoming corporate credit facilities. “The Federal Reserve will publicly disclose information regarding the CCFs during the operation of the facilities, including information regarding participants, transaction amounts, costs, revenues and other fees,” according to a frequently-asked-questions page posted Friday on the New York ...