News Topic: Energy industry

The Texas bank said it was setting aside higher provisions for credit losses as private investments are drying up in a volatile oil and gas market. ... Read full article

A sharp disagreement between foreign and U.S. regulators is emerging on how far banking supervisors should go in asking financial institutions to stress test their loan and investment portfolios for any risks associated with climate change. ... Read full article

The Salt Lake City bank saw growth across all lending categories and an improvement in credit quality. It also said it has finished the second of three stages in its multiyear conversion to new core-banking technology. ... Read full article

At least four banks may lose certain tax benefits if it is proven that DC Solar operated an investor scheme. ... Read full article

The bank gained $45 million in PACE financings, which let homeowners pay back the costs of efficiency projects over time. ... Read full article

James McLemore, one of our community bankers to watch in 2019, has more energy loans to purge and must exit the Small Business Lending fund and a BSA-related enforcement action. ... Read full article

Banks can handle the energy-linked loans they've extended — as long as oil prices don't drop much below $50 per barrel, analysts are saying. ... Read full article

Bank 7, which aims to raise $75 million, also has extensive dealings in the hospitality industry. The company has completed two acquisitions since 2011. ... Read full article

Jacobs Asset Management, which expressed frustration over a slow turnaround at MidSouth, said it could launch a proxy battle at next year's annual meeting. ... Read full article

The Oklahoma bank’s net charge-offs were its second-highest in the last five quarters, but the company said it was confident in its credit quality outlook and growth prospects from a pending acquisition. ... Read full article

The Mississippi company said it has recorded most of the expected charge-offs tied to the last severe decline in oil prices. ... Read full article

Lenders are taking steps to reduce exposure to fluctuations in oil prices, including getting tougher in demanding that drillers use commodity hedges. ... Read full article

The San Antonio company said that it has scaled back its exposure to energy loans in favor of a greater emphasis on loans of less $10 million. ... Read full article

Double-digit growth in personal loans and record wealth management revenue also helped the Tulsa, Okla., beat earnings forecasts. ... Read full article

Several banks suffered fourth-quarter hits when they reduced the value of certain energy investments. Still, renewable energy could remain a viable business thanks to other benefits embedded in the tax law. ... Read full article

The private equity firms plan to sell a total of 3 million shares in the Houston company in coming weeks. ... Read full article

MidSouth Bancorp in Lafayette, La., has appointed one of its regional executives to the newly created post of chief banking officer and moved to appoint a veteran turnaround banker to its board. ... Read full article

The move restricts what MidSouth can independently do with board appointments and executive duties. The company was hit with a similar assessment by the OCC last year. ... Read full article