Energy industry

Banks urged to follow Goldman’s lead on fossil fuel

02/19/20

Goldman Sachs pledged in late 2019 to stop financing projects in coal and Arctic oil exploration. Activist groups and Democratic senators say other large institutions should do the same given the economic and environmental risks from climate change.

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JPMorgan rejects calls to disclose lending’s impact on climate

02/12/20

Activist investors say the lender's words on combating climate change have not matched its actions. But the company argues that requests to put climate resolutions to a shareholder vote amounts to micromanagement.

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U.S. banks on high alert as coronavirus spreads

02/04/20

The timing couldn’t be worse for ag and energy lenders as well as global banks, which were all counting on the Chinese market to help bolster commercial lending and fee income.

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M&A, hiring, credit quality: What's on minds of midsize bank execs

02/03/20

Certain loan segments are showing signs of deterioration, but consumer lending and digital banking are bright spots. Meanwhile, bankers are eyeing opportunities to improve efficiency, add scale and take advantage of M&A disruption. Here's what to expect from smaller regionals in the year ahead.

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Comerica stung by falling oil prices

01/21/20

The Dallas bank’s troubled energy loans reached a nearly two-year high as crude prices plummeted.

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Comerica CEO won’t rule out acquisitions

01/02/20

While his focus is on organic growth in Texas and California, Curt Farmer says he would consider a deal in those states if the right one comes along.

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Regions Financial rethinking M&A after First Horizon-Iberiabank deal

11/07/19

If the no-premium agreement announced by First Horizon and Iberiabank this week is a sign that sellers’ asking prices will come down, then Regions might reconsider its anti-M&A stance, a company executive said.

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Veritex to record charge-off tied to energy loan

09/24/19

The Dallas company inherited the loan relationship from a bank it bought in 2017.

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What Middle East turmoil could mean for U.S. energy lenders

09/23/19

The rise in prices caused by the attacks on Saudi Arabian oil installations should help banks recoup some losses from the 2016 downturn. Harder to gauge is the impact the price volatility will have on U.S. energy production and, in turn, loan demand.

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Why Fifth Third is raising its bet on alternative power

08/27/19

The Cincinnati bank recently expanded its renewable energy banking business to include investment banking services. Its ambitious goals demonstrate the sector’s growing appeal to regional and community banks.

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