Financial and Banking News
INTERNATIONAL BANKING
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...
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