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Banks under pressure to raise loan margins in Greater China

Bloomberg Banks are under increased pressure to raise loan margins in the Greater China region as the coronavirus pandemic weakens lending and a global dollar liquidity squeeze pushes up funding costs. That’s a key takeaway from a Bloomberg survey of 15 major syndicated loan arrangers operating in the region, including international and Chinese banks. The survey was conducted between March ...

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Norway’s biggest bank halts $1.4bn dividend

Bloomberg DNB ASA, Norway’s biggest bank, is postponing its $1.4 billion dividend as it gives in to calls from national and European authorities to show restraint during the current economic crisis. DNB initially dragged its feet after Norway’s financial watchdog last month urged banks to refrain from dividends. The Norwegian bankers’ association, Finance Norway, argued the move was unnecessary and ...

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S Africa eases bank rules

Bloomberg South Africa’s banking regulator plans to give banks a break from accounting and capital rules that could release around 300 billion rand ($17 billion) for lending to help the economy cope with the fallout of the coronavirus. “It’s quite big, it’s quite meaningful,” said Kuben Naidoo, deputy governor of the South African Reserve Bank and chief executive officer of ...

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