Hong Kong banks face coronavirus toll on asset quality, loan growth - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

HSBC, which made 40% of its revenue from China and Hong Kong in 2019, said last week it could take up to $600 million in additional provisions against loan losses if the coronavirus outbreak persists into the second half.

Some of the banks have already started stress testing select parts of their China and Hong Kong businesses as fears grow of a pandemic of the flu-like virus that originated in China late last year. An extended disruption to economic activities would weaken the banks’ asset quality and profitability, and will be a credit negative, the rating agency said.

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Omotoso case resumes on Monday - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The trial of controversial pastor Timothy Omotoso and his two co-accused resumes in the Port Elizabeth High Court on Monday. This case always being posponding, just come out with the solutions Been following since it started That's the unfortunate part of the criminal justice system,it takes longer than long. Truly this takes a toll on the victims
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#Budget2020: 'Substance over Bluster' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.BusiMavuso2 We can not deal with this please help
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