Wednesday, August 19, 2026

AllianceBernstein Becoming Energy Banker as Wall Street Retreats

From Bloomberg Asset manager building a team to focus on energy sector “A core financing need that banks are unable to fulfill” As the biggest banks pull back from lending to troubled energy companies, AllianceBernstein LP is stepping in. The $460 billion asset manager is building up a team in its fixed-income business that invests in oil and gas companies.