Today In Payments: Default Fears Mount As China’s Banks Encourage Loans; Goldman, Morgan Stanley Predict Economic Devastation
PYMNTS
MARCH 23, 2020
In today’s top news, state-owned financial institutions in China are offering incentives to boost consumer lending, and economists at Goldman Sachs and Morgan Stanley predict the coronavirus will be economically devastating. Also, banking FinTech Finastra was hacked. As China’s Banks Encourage Loans, Default Fears Mount.
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