You are here

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

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom