Liquidity squeeze
Taiwanese banks are rethinking their lending strategies as liquidity is drained by a booming local stock market and the ever-growing spending needs of the island’s tech firms.
Banks — typically powerhouse providers of cash for Asian loans — are now seeking higher returns from overseas lending while becoming less eager to provide corporate loans in the domestic market. Some have even turned down opportunities to lead syndicated loans, sources in one bank’s loan department told 9fin.
Moment of truth
India’s private credit market is projected to more than double by 2028 to reach up to $70bn, from around $25bn this year. Today, it’s heading into its first real default cycle.
How those defaults are resolved will be the defining test for the country’s decade-old Insolvency and Bankruptcy Code, according to industry veterans speaking at a 9fin webinar marking the code’s 10th anniversary.
- Read our story here, or
- Watch the original webinar here
Change at the top
John Corrin, head of corporate finance, international, and Andrew Harward, head of corporate finance, North Asia, are leaving ANZ amid a restructuring exercise, according to 9fin sources.
Sydney-based Gavin Chappell is taking on a broader role as executive general...
