Tag Archives: banks

Why banks won’t cut off energy’s ‘drunken sailors’

The loans that banks have made to energy companies grabbed a lot of investors’ attention this week as lenders said they have boosted cash reserves to deal with bad oil and gas debt. But those financial institutions may have trouble bringing the hammer down on drillers. The continuing slide in energy prices poses a dilemma for banks: cut energy clients’ ... Read More »

Banks are prepared for low interest rates: CEO

As market volatility persists market watchers eye the Federal Open Market Committee next week. European Central Bank President Mario Draghi announced on Thursday that the Bank may have to revise the current monetary policy, which created speculation on the Street that there will be monetary stimulus as early as March. Low interest rates are a challenge for the banking industry, ... Read More »

Big banks are safe-haven bets: Mayo

Some traders are avoiding the energy space after WTI crude broke below $30 on Tuesday, but one analyst believes that the banks are actually insulated from the underperformance of the energy space. Top banking analyst Mike Mayo of CLSA said on CNBC’s “Fast Money Halftime Report” that he doesn’t think that banks have significant exposure to the problems in energy. ... Read More »