State to back banks' risky lending
This is similar to the schemes governments in other countries such as the UK have put in place
12 April 2020 - 00:29
The government and the banking sector are looking to establish a "Funding for Lending" scheme in which the government would back the banks to take on riskier lending to help customers survive the Covid-19 crisis.
The scheme - which could be in the form of a government guarantee for the banks - would allow the banks to assist distressed businesses they would not normally be able to lend to, because the government would share some of the losses that might be incurred if these customers default...
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