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