Q. Who should we contact when the bank will not accept the general power of attorney because the document names two siblings listed and the wording states “and” but the bank wants it to say “or.” Our father is in the hospital from a bad stroke he is very confused about everything, and we would like to write checks for his monthly bills and any costs that may arise to care for him.
The impact of low oil prices has continued to hobble the finances of U.S. banks, which posted increased loan losses in the first quarter driven by a huge jump in delinquent energy loans.
Apparently it's not just the robber in a ski mask you have to fear when entering your neighborhood bank. The "friendly" person behind the counter could be a threat as well.
2016 is getting off to a lousy start for major U.S. banks. Energy loans are turning bad, low interest rates are making it hard to make profitable loans, and markets have been volatile.
Five of the biggest U.S. banks have six months to get their disaster plans in shape. That's the message regulators issued Wednesday after giving the banks failing grades for the strategies they would deploy if they tumbled into bankruptcy.
The impact of plummeting oil prices has shown up in the financial picture of U.S. banks, whose losses from loans increased for the first time in five and half years, according to new government data.