Energy industry

Bank of America says it won't finance oil and gas exploration in the Arctic

12/01/20

In November, the Sierra Club singled out Bank of America as "the only major U.S. bank not to rule out financing for the destruction of the Arctic refuge" after its five biggest competitors updated their policies this year.

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Climate risk test asks banks to look too far down the road

11/30/20

Global regulators are considering a universal stress test for climate change that requires lenders to use a 30-year horizon, a difficult and speculative projection of the energy industry that could harm bank financials.

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Banks push back on OCC’s bid to ban lending bias

11/25/20

The industry is asking for more time to comment on a regulatory proposal that aims to prohibit banks from denying services to oil and gas companies and other firms in politically sensitive industries.

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Huntington aims to contain energy exposure, ride consumer lending

07/23/20

The Ohio company, which has beefed up its loan-loss reserves, raised the possibility of more sales of oil and gas credits and talked up strong retail segments such as its marine and RV loans.

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Shale lenders in retreat as pandemic saps energy demand

07/23/20

Banks lending against the oil and natural gas reserves of hundreds of independent U.S. drilling companies have pulled back from the sector at an unprecedented rate this year after oil and gas prices slumped.

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Comerica remains bullish on energy even as pandemic roils sector

07/21/20

The Dallas bank set aside less in the second quarter for credit losses than analysts expected. Executives cited action in Texas and California to reverse reopenings and said they're still committed to the oil and gas business.

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Hancock Whitney to report big 2Q loss after agreeing to sell energy loans

07/17/20

The Mississippi company said it decided to take aggressive measures to reduce its exposure to energy firms.

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Regions swings to loss in 2Q as problem energy loans pile up

07/17/20

The Birmingham, Ala., company more than doubled its loan-loss provision from three months earlier and its chief financial officer said that more than half of its loans to oil and gas companies could eventually become criticized.

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Energy lenders brace for more losses

07/13/20

Bankers had asserted in April that they could handle a slump in oil prices tied to the coronavirus pandemic. Continued volatility, combined with declining collateral values and a rise in bankruptcies for exploration companies, is denting their confidence.

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Question looming over bank earnings: Will deferred loans be paid back?

06/25/20

Deferral periods on scores of commercial loans will soon be ending, and many banks’ profits this year could turn on whether borrowers can resume making payments or will seek extensions.

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