The nation's six largest banks have hit an oil slick. They have tens of billions of dollars of exposure to risky energy loans that won't all be paid back because low oil prices have sapped the profits of oil companies.
Similar Stories to Energy Loans Likely To Cause Further Losses For Big Banks on Bing News
News | Business, Atlanta Journal-Constitution: Business
Fri, 02/05/2016 - 10:52am
BING NEWS:
- Redback burns taxpayer dollars, calls in administrators
Brisbane-based renewable energy firm Redback Technologies, which has received millions of dollars in taxpayer funding, has called in administrators after racking up big losses.
05/5/2024 - 8:40 pm | View Link - Banks, telcos, digital creditors scramble for struggling micro lenders’ customers
The institutions’ thinning revenues and weakening balance sheets have opened up the sub-sector to stiff competition.
05/4/2024 - 8:45 pm | View Link - Dive Deposits: Citi’s climate portrait shows a big contrast
Citi disclosed it is on pace to reach its 2030 sustainable finance goals, but Reuters also found a draft indicating the losses the bank would incur if the world goes net zero.
05/3/2024 - 6:16 am | View Link - Smaller banks facing big stressors; experts explain how it could impact smaller communities
But if the banks can’t dole out funds, that could spell trouble for customers, especially in smaller communities.CNBC reports hundreds of small and regional banks across the U.S. are feeling stressed.
05/3/2024 - 4:16 am | View Link - Big Student Loan Servicing Upheaval Will Impact Forgiveness, Repayment For Millions
These student loan servicing changes will have major impacts for millions of borrowers seeking loan forgiveness or just making their payments. Here’s a breakdown.
05/2/2024 - 7:38 am | View Link - More
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