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Class Action Settlements and the Duty of Candor Toward the Tribunal | Pierce Atwood LLP
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1st Circuit Decision Reveals Duty of Candor Toward Tribunal
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Greater role urged for independent directors
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BusinessWorld
June 2, 2021 | 12:04 am
PHILIPPINE BANKSâ credit profile will face near-term risks as the prolonged coronavirus crisis affects their asset quality and profitability prospects, Fitch Ratings said.
âThe weaker economic outlook translates to diminished revenue growth opportunities for banks, as credit demand remains muted and asset yields are capped by excess liquidity amid a dovish monetary policy,â the ratings agency said.
Fitch said it sees a âshallower economic recoveryâ for the Philippines compared with its previous estimate earlier in the pandemic.
Despite this, the debt watcher noted that most of the major players in the banking industry have been doing ârelatively well so farâ amid the crisis.
Big Philippine banks lend less amid rising bad loans
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