PAIN FOR US BANKS, EUROPE - FALL IN RUBLE AND OIL PRICE



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Russia is going to be importing less from Europe.

This hits the economies of the UK, France, Italy...

Russia is going to struggle to pay back loans to European banks.

This hits the economies of the UK, France, Italy...


Wells Fargo bank in the USA is among the top banks likely to be heavily hit by the fall in the oil price.

"Wells Fargo tops the list. It participated in $37bn of non-investment grade loans from 2012 to 2014. Only JPMorgan, with $31.7bn of deals, comes close."

Falling oil price poses new threat to banks.

Are certain people trying to bring about a 1929-style crash?

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PAIN FOR US BANKS, EUROPE - FALL IN RUBLE AND OIL PRICE Rating: 4.5 Diposkan Oleh: World's News Center

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