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A Dallas bank forecast big first-quarter losses.

MCorp, a major Dallas bank holding company, said it expects to report a net loss of $120 million to $130 million as a result of a sharply higher provision for loan losses. The bank had net income in last year’s first quarter of $34.8 million. While MCorp said the losses were not restricted to one sector of its loan portfolio, it indicated that energy loans represent about 12% of total loans and that many energy borrowers were suffering from falling oil prices.


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