Bloomberg Last month HSBC Holdings Plc shocked investors by announcing it would scrap its dividend. For the Hong Kong Medical Association, a group in charge of community public health programs instrumental in the fight against the coronavirus and a long-time investor in the city’s biggest bank, the news meant it would lose 7% of its annual spending budget. With more …

Bloomberg The European Central Bank (ECB) will accept some junk-rated debt as collateral for its loans to banks in a move that aims to shield the euro area’s most vulnerable economies as they face the risk of credit downgrades in the coronavirus. The ECB will accept bonds as long as they had at least the lowest investment grade on April …

Bloomberg A South Korean bank is offering bonds to fund the fight against the coronavirus pandemic, joining issuers worldwide issuing such debt. Kookmin Bank is marketing five-year dollar notes whose proceeds will be used to support small and medium-sized firms and mom-and-pop businesses affected by the virus. Investor demand for debt to battle the coronavirus outbreak is expected to grow …