Financial and Banking News


Falling Oil Price Will Put Pressure on US Banks

Alongside the argument and counter-argument over OPEC's share of the oil market, the appropriate price of oil, and the viability of oil exporting developing economies, a financial crisis of unpredictable dimensions is now looming over US banks. This is a result of a coincidence of four factors: the regulatory framework in the US, which forces banks to take provisions on delayed loan and...