This file photo combination shows bank branches of, clockwise from top left, Bank of America, Chase, Wells Fargo, and Citibank. 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 of 2016 driven by a huge jump in delinquent energy loans, data issued Wednesday by the Federal Deposit Insurance Corp. showed.
This file photo combination shows bank branches of, clockwise from top left, Bank of America, Chase, Wells Fargo, and Citibank. 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 of 2016 driven by a huge jump in delinquent energy loans, data issued Wednesday by the Federal Deposit Insurance Corp. showed. AP
This file photo combination shows bank branches of, clockwise from top left, Bank of America, Chase, Wells Fargo, and Citibank. 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 of 2016 driven by a huge jump in delinquent energy loans, data issued Wednesday by the Federal Deposit Insurance Corp. showed. AP

U.S. bank earnings dip 2 percent in 1Q amid low oil prices

June 01, 2016 02:16 PM