Energy industry

Oil price plunge fans bank fears; CFPB sues Fifth Third on phony accounts


Investors worry the drop in crude prices could spark a rash of defaults; the bank denies it opened accounts without customer permission to meet sales quotas.


Coronavirus fears dampen mood at community bankers' conference


The outbreak and a free fall of oil and stock prices are rattling bankers at this year's ICBA gathering in Orlando, Fla.


Banks urged to follow Goldman’s lead on fossil fuel


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.


JPMorgan rejects calls to disclose lending’s impact on climate


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.


U.S. banks on high alert as coronavirus spreads


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.


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


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.


Comerica stung by falling oil prices


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


Comerica CEO won’t rule out acquisitions


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.


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


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.


Veritex to record charge-off tied to energy loan


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