Fears oil plunge will lift banks’ sour loan losses
Concerns are growing the smashed oil price will drive higher the banks’ losses from soured loans, eroding the favourable scenario of recent years where profits have been buoyed by falling bad debts.
Concerns are growing the smashed oil price will drive higher the banks’ losses from soured loans, eroding the favourable scenario of recent years where profits have been buoyed by falling bad debts.