Evergrande said the key group of creditors entered into restructuring support agreements. Its debt restructuring plan could take effect later this year.
April 5, 2023Regulators proposed to raise the loan loss reserve requirement for lending to real estate and construction firms to boost loss-absorbing capacity.
April 5, 2023Banks with between $100bn and $250bn in assets would have to increase liquidity and capital, submit to enhanced stress tests, and write resolution plans.
April 3, 2023The new regime also covers indirect borrowings by Chinese enterprises and entities they control, as well as foreign debt incurred under red-chip and VIE structures.
February 16, 2023Adani Group's share sale successfully closed in the face of fraud allegations, but the conglomerate decided not to proceed. SEBI is looking for irregularities.
February 2, 2023Regulators are reportedly planning to ease borrowing caps on some property firms and extend the deadline for meeting debt targets set by the “three red lines” policy.
January 9, 2023Citigroup reached an agreement with ten remaining Revlon lenders for them to repay the bank USD 504 million for mistakenly sent wire transfers.
December 23, 2022Banks that were more heavily affected by the Basel III reforms saw a greater reduction in their cost of capital, the BCBS said.
December 16, 2022The BIS is concerned about high volumes of USD debt recorded off-balance sheets and FX settlement risk that remains "stubbornly high".
December 8, 2022The banks are asked to provide offshore loans to developers so they can repay their offshore loans and dollar bonds.
December 5, 2022