Oil Crash Is Bad News for Regional Banks That Went Big on Energy - The Wall Street Journal

Lenders are bracing for loan losses and depressed earnings from an oil crash that is bruising the North American energy industry.

U.S. and Canadian banks have more than $100 billion in loans outstanding to energy companies. An oil-price crash set in motion by Saudi Arabia earlier this month could cause many of those energy companies to struggle to make good on those loans.

Especially...

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"oil" - Google News
March 16, 2020 at 06:00PM
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Oil Crash Is Bad News for Regional Banks That Went Big on Energy - The Wall Street Journal
"oil" - Google News
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