What's Dragging Down European Banks: Oil And Commodity Exposure As High As 160% Of Tangible Book
![What's Dragging Down European Banks: Oil And Commodity Exposure As High As 160% Of Tangible Book What's Dragging Down European Banks: Oil And Commodity Exposure As High As 160% Of Tangible Book](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/0d8bef91216e96d0b46b8a920c646450-600x494.jpg?itok=9JYpiyqK)
Yesterday, when looking at the exposure of the Canadian banking sector to energy, we found something disturbing: according to an RBC analysis, local banks were woefully underreserved.