Bank of Montreal stress testing assets for $25 per barrel oil
By Roger Jordan Bank of Montreal Chief Executive Officer Bill Downe announced last week that Canada’s fourth largest bank is stress-testing its oil and gas portfolio to determine the impact on the bank’s balance sheet of oil prices of US $25 per barrel. At a press briefing, Downe bluntly stated, “You’ve got to ask yourself, … Continue reading Bank of Montreal stress testing assets for $25 per barrel oil
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