Bloomberg A “new wave of consolidation” among global investment banks could be triggered by the coronavirus pandemic, according to a new report by Oliver Wyman and Morgan Stanley. Some banks may find their lack of scale and the short term pressure “too acute” to survive the crisis, particularly in Europe where returns are lower compared to bigger, more profitable global …

Bloomberg The funding needs of governments in sub-Saharan Africa could rise by $75 billion as the coronavirus pandemic hammers their economies, according to Goldman Sachs Group Inc. If measures such as tax cuts that some governments, including Kenya’s, have already announced are included, the financing gap might end up being higher, they said. A combination of lockdowns to contain the …

Bloomberg As banks elsewhere scrap or defer dividend payments, investors in Malaysian lenders can still expect their usual cash rewards. Malayan Banking Bhd., the biggest lender by market value, plans to keep its payout ratio of as much as 60% its profit after tax and minority interests, on top of paying a 2019 interim dividend on May 6, its spokesperson …