Aurora Business

“While the banks’ exposure are not outsized, these loans have already resulted in banks taking loan-loss provisions and we expect that if oil prices remain low for longer these firms are going to take additional losses,” said David Fanger, senior vice president at Moody’s who wrote the report.

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Francois Villeroy de Galhau and Jens Weidmann argue in an article Monday in the Sueddeutsche Zeitung daily that the 19 member countries must get moving on measures to make the shared currency work better and keep trouble in one country from infecting others.

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Sen. Ron Wyden says he has “a number of concerns” about how panelists were selected and screened for an advisory panel on pain issues that includes experts from government and outside organizations. A recent Associated Press story found that nearly a third of panelists at a December meeting of the Interagency Pain Research Coordinating Committee had apparent financial ties to the painkiller manufacturers, including the maker of OxyContin.

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