Energy industry

PPP recipients seek forgiveness help; processors delay paying out funds

06/15/20

Borrowers say getting the loans forgiven is just as complicated as obtaining the money; payment companies are holding some merchant funds in reserve as chargebacks spike.

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Should banks stay in the oil business?

06/03/20

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

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Find a buyer or a new CEO? What’s next for Texas Capital

05/26/20

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

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Texas Capital, Independent terminate $3 billion merger

05/26/20

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

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Capital One triples loan-loss provisions on pandemic, oil decline

04/24/20

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.

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V-shaped recovery? More like a U, Huntington chief says

04/23/20

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

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Comerica mulls keeping stakes in troubled oil, gas companies

04/21/20

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.

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High anxiety among energy lenders as oil prices plummet

03/31/20

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.

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Why energy lenders say they’re ready for this oil slump

03/10/20

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.

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

03/10/20

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.

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