Thai banking sector to weather government’s debt relief programme

Interestingly, some banks could potentially emerge as net beneficiaries if they receive subsidies for previously provisioned loans.   Compared with the extensive borrower-relief measures implemented during the Covid-19 pandemic, this scheme’s modest scope may have limited effectiveness in addressing Thailand’s substantial household debt, which stood at 90% of GDP as of June. The continuation…

President Joe Biden announces $4.28B in student loan relief for 55K borrowers

WASHINGTON — President Joe Biden’s administration announced on Friday another $4.28 billion dollars in student loan relief for nearly 55,000 public service workers. The announcement brings the total loan forgiveness by the Biden administration to “approximately $180 billion for nearly 5 million Americans,” according to a fact sheet from the Department of Education. The forgiveness…

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