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BNP Among Banks Facing $172 Million Loss as Oil Tycoon Fails
BNP Paribas SA and its partners in a Scottish energy loan are staring at a loss of 122 million pounds ($172 million) after entrepreneur Ian Suttie’s venture went bankrupt, illustrating the wreckage banks are likely to face from the oil bust. First Oil Plc, an Aberdeen-based operator in the North…
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Click here to read the full story: Bloomberg