A look at Friday morning’s market action
– which make up a swath of the banks’ overall lending portfolios – and rising reserves for potential sour loans, all while tighter regulatory and government oversight take a notch out of earnings.
Crude prices were up for a second consecutive session with lower exports from Russia offsetting demand concerns and higher weekly inventory levels in the U.S. Prices gained on news that Russia expects to cut oil exports from its western ports by as much as 25 per cent in March, more than its announced production cuts of 500,000 barrels a day.
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