Post Tagged with: "Banks"

Source: World Oil

Shale drillers see more interest from banks as oil prices rally

World Oil


(Bloomberg) –Banks are gradually offering more credit to U.S. shale oil and natural gas producers as the industry recovers from last year’s contraction and energy prices rally.

So-called borrowing bases will increase as much as 20% during the …

Source: Reuters

Climate change risks will affect U.S. bank capital in long-run – official

Reuters


WASHINGTON – U.S. regulators will “eventually” have to factor climate change risks into bank capital rules, but it is still too soon to say when that would become necessary, a top official told Reuters.

Acting Comptroller of the Currency

June 2, 2021 - 3:30 pm Climate Change, Closing Bell Story‎, Finance
Source: Reuters

Fidelity adds 4.1 million new clients in the first quarter of 2021

CNBC


Retail investors aren’t just flocking to Robinhood. Fidelity gathered millions of new clients – including millennials – during the first three months of the year.

Fidelity Investments added 4.1 million new accounts in the first quarter of 2021, up …

May 5, 2021 - 3:00 pm Capital Markets, Closing Bell Story‎, Finance
Source: Reuters

Banks warn of ‘significant losses’ as they exit positions with large U.S. hedge fund

CNBC


LONDON — Credit Suisse and Nomura warned Monday of “significant” hits to first-quarter results, after they began exiting positions with a large U.S. hedge fund that defaulted on margin calls last week.

While neither Credit Suisse nor Nomura named

March 29, 2021 - 3:30 pm Capital Markets, Closing Bell Story‎, Finance
Source: Reuters

Saudi Aramco sends request to banks for pipeline deal financing – sources

Reuters


DUBAI – Saudi Aramco has sent a request for proposals to banks for financing it wants to offer to investors looking to lease its pipelines, three sources said, a sign the oil giant is progressing with plans to extract …

Source: CNBC

Four key risks could make 2021 the toughest year for banks since 2009, says S&P

CNBC


S&P Global Ratings warned that banks could face their toughest year since the aftermath of the global financial crisis, with four key risks hanging over the sector.

The ratings agency currently has a “negative” outlook for about one third …

November 17, 2020 - 2:00 pm Closing Bell Story‎, Finance
Source: CNBC

Banks will struggle to generate profits even as the global economy recovers, IMF says

CNBC


WASHINGTON — The beaten-down banking sector will remain under pressure through 2025 even as the economy recovers, the International Monetary Fund said Friday.

In its latest “Global Financial Stability Report,” the IMF found banks across nine advanced …

May 22, 2020 - 12:00 pm Closing Bell Story‎, Finance, International
Canadian Banks Comfortable with Energy Exposure

Canadian Banks Comfortable with Energy Exposure

Canadian banks have $80 billion of exposure to oil including untapped loans

Canada’s top banks have a combined exposure of C$107 billion (USD$80 billion) to the oil and gas industry, inclusive of untapped credit lines, reports Bloomberg.

Canadian Imperial …

March 2, 2016 - 6:46 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
Energy Industry: I’d Rather Not Be in Your Debt Forever

Energy Industry: I’d Rather Not Be in Your Debt Forever

The Wrath of Godzilla

Oil and gas companies have become wary of debt like the residents of Odo feared the wrath of Godzilla, rising up from the sea to wreak havoc at any moment and smashing buildings in a single …

Deposits in Saudi Banks Down $13.5 Billion in October

Deposits in Saudi Banks Down $13.5 Billion in October

Saudi Arabia sees a squeeze in liquidity as oil prices remain low

Demand for deposits dropped 4.7%, or about $13.5 billion, in Saudi Arabia over the course of October, forcing banks to borrow more from each other. The rate at …

Banks Easing Lending Practices, Expect Good Loan Performance in 2015: Fed Survey

Banks Easing Lending Practices, Expect Good Loan Performance in 2015: Fed Survey

A Federal Reserve Board survey of senior loan officers on bank lending practices found that, over the last three months, credit standards for approving applications for commercial and industrial (C&I) loans or credit lines have eased in many cases. Of …

February 4, 2015 - 10:40 am Oil and Gas 360 Articles