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US banks prepare for oil and gas company loans to worsen

This follows plunge in oil prices; "provisioning" raises the possibility bad loans could hit lenders' earnings: analysts
Wednesday, July 22, 2015 - 05:50

New York

US BANKS are setting aside more money to cover bad loans to energy companies after oil prices plunged over the last year, raising the possibility that deteriorating loans could start to weigh on their earnings, some analysts said.

Loan credit quality for US banks has been