Cambodia: Micro-Loan Borrowers Face Covid-19 Crisis – Human Rights Watch

(Bangkok) Debt relief measures by micro-loan providers in Cambodia are failing to alleviate the serious financial burdens on indebted families affected by the Covid-19 pandemic, Human Rights Watch said today. Indebted families risk having to sell land and housing they depend on to survive. The Cambodian government and the National Bank of Cambodia should urgently…

Wall Street Reaps a Bonanza on Fed’s Support for Corporate Debt – Washington Post

That boon underscores how the biggest banks roles as financial intermediaries can translate to billions of dollars of profits after borrowing floodgates open. When the firms start releasing their second quarter earnings on Tuesday, theyre broadly expected to post their worst results since the financial crisis as they set aside more money for bad loans.…