https://www.scmp.com/rss/508898/feed Dr Janus Zhang is an assistant professor in the Department of Accountancy and Law at Hong Kong Baptist University School of Business. His research specialises in financial accounting, banking and auditing. He is a certified public accountant and a former auditor at Deloitte. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com In the wake of the Covid-19 pandemic, banks have experienced a spate of credit losses. These might be unavoidable for some time as governments, financial institutions and borrowers all try to navigate through the crisis. Spurred by the pandemic, S&P Global Ratings expects aggregate global credit losses for 2020 and 2021 to hit about US$1.8 trillion. According to its 2021 forecast published last July, North American and Chinese banks will continue to lose US$240 billion and US$398 billion... https://www.scmp.com/business/article/3121921/coronavirus-recovery-protect-lenders-and-borrowers-ease-bad-loan-damage?utm_source=rss_feed https://www.scmp.com/business/article/3121921/coronavirus-recovery-protect-lenders-and-borrowers-ease-bad-loan-damage?utm_source=rss_feed Wed, 17 Feb 2021 09:00:09 +0000