Alarm bells are ringing as Asia’s financial system strains to fund struggling companies. Photo: Reuters Alarm bells are ringing as Asia’s financial system strains to fund struggling companies. Photo: Reuters
Alarm bells are ringing as Asia’s financial system strains to fund struggling companies. Photo: Reuters

Banking & Finance

Asian Financial Crisis 2.0: Banking system creaks under pressure of companies struggling to survive coronavirus pandemic

  • Asia-Pacific faces an environment ‘at least as challenging as the 1997-98 Asian financial crisis for borrowers,’ says S&P Global Ratings
  • Asian banks wrestle with moral hazard of doling out capital to zombie companies

Topic |   Banking & Finance
Alarm bells are ringing as Asia’s financial system strains to fund struggling companies. Photo: Reuters Alarm bells are ringing as Asia’s financial system strains to fund struggling companies. Photo: Reuters
Alarm bells are ringing as Asia’s financial system strains to fund struggling companies. Photo: Reuters
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