Energy industry

How banks are fighting climate change


When the U.S. withdrew from the Paris Agreement, business leaders across the country called on the private sector to step up their own efforts to reduce greenhouse gas emissions and ultimately limit global warming to 2 degrees Celsius. From new corporate governance practices to energy efficient upgrades, here’s a look at some of the ways the banking sector is combating climate change.


How this former energy lender found its Plan B in SBA


Deciding it had had enough of problem energy credits, Houston’s Green Bancorp shifted capital to Small Business Administration loans, increasingly popular among community banks because of the premiums they fetch from investors and Washington's increased commitment to the guarantee program.


‘Why the double standard?’: Comments of the week


Readers weigh in on chatbots, Amazon’s physical footprint expansion plans, alternative credit data and more.


Why banks are wading back into energy lending


Oil prices are dropping again, but some lenders think now is the time to recommit to energy lending as long as they underwrite them a certain way for certain borrowers in certain regions.


Energy lender unveils far-reaching plan to address capital, credit woes


MidSouth Bancorp in Louisiana will cut jobs, close branches and slash its dividend as it works to reduce its energy exposure.


Clock ticking for MidSouth to show it can stay independent


The Louisiana company's board has made it clear that independence is "not a God-given right" while charging new management with addressing energy loan issues, underwriting, capital and expenses.


Iberiabank reports higher quarterly profit on cost control, rising rates


The Louisiana company also said that credit company in its energy portfolio improved during the first quarter.


BBVA Compass’ profits spike on rising rates, energy sector recovery


The Sun Belt lender also increased fee income and kept expenses down in the first quarter.


Big chargeoff blemishes solid quarter at Zions


Zions beat expectations on several bits of good news, but it reported about $30 million of chargeoffs tied to a single commercial borrower.


Energy sector rebound fuels 1Q profit rise at Texas Capital


Texas Capital Bancshares sharply reduced the size of its loan-loss provision as credit quality improved in its energy loan book. That helped the Dallas bank post a 77% rise in first-quarter profit.