News Topic: Energy industry

Dramatic volatility in the global oil market, plummeting demand and potential regulatory risks are making some banks rethink their energy strategy. ... Read full article

The Dallas bank appears to be at a crossroads after its merger with Independent Bank Group was called off Tuesday. ... Read full article

Texas Capital said that Keith Cargill had also stepped down as its president and CEO. ... Read full article

The company reported a loss of $1.3 billion in the first quarter after setting aside more than $5.4 billion for potential loan losses. ... Read full article

The energy business alone faces immense challenges and the overall economy may not bounce back until 2022, Stephen Steinour says. ... Read full article

Rather than selling off assets at a steep discount, the Dallas company is considering taking equity positions in energy firms struggling to make loan payments in the wake of collapsing prices. ... Read full article

Weak demand for oil and gas, brought on by the economic fallout of the coronavirus outbreak, has raised concerns of energy firms missing loan payments or even going bankrupt. Here’s how banks and regulators are trying to get ahead of potential problems. ... Read full article

Banks with the most exposure to oil and gas companies say they’ve added capital and changed their borrower mixes since the 2015 market fall. But skeptics question whether they can stave off losses if low prices endure. ... Read full article

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. ... Read full article

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

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. ... Read full article

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. ... Read full article

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. ... Read full article

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 ... Read full article

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

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. ... Read full article

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. ... Read full article

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