India's government and
central bank are considering giving relief to banks, aviation
and other hospitality sectors hit by the coronavirus outbreak by
relaxing bad loan classification rules, a source familiar with
the matter said.
Australia's securities regulator said
on Wednesday it is holding discussions with investment banks to
ensure they are following new rules introduced this week aimed
at preventing an overload of market systems.
The European Central
Bank is ready to take further measures to support the
crisis-stricken euro zone economy, it said on Wednesday,
attempting to dispel growing concerns that the bank is out of
Chinese liquid detergent
maker Blue Moon, backed by large private equity firm Hillhouse
Capital Group, has picked banks to lead its Hong Kong initial
public offering of up to $1 billion this year, said two people
with direct knowledge of the matter.
Swiss bank UBS has
seen relatively low losses in its Lombard lending portfolio and
feels comfortable with its liquidity despite market drops amidst
the coronavirus pandemic, Chief Financial Officer Kirt Gardner
said on Wednesday.