Virus to boost Asian bank credit costs by US$100b: S&P

Tue, Mar 10, 2020 - 3:53 PM

[HONG KONG] The coronavirus outbreak will add US$100 billion in credit losses to banks in the Asia-Pacific region this year with Chinese lenders bearing the brunt of the damage, according to S&P Global Inc.

"Some activity will be lost forever," Shaun Roache, S&P's Asia-Pacific...

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