Summary:
NEW YORK (Reuters) - Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans to energy companies that may go bankrupt, sources aware of the plans told Reuters. Reuters - Exclusive: U.S. banks prepare to seize energy assets as shale boom goes bust
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NEW YORK (Reuters) - Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans to energy companies that may go bankrupt, sources aware of the plans told Reuters.NEW YORK (Reuters) - Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans to energy companies that may go bankrupt, sources aware of the plans told Reuters. Reuters - Exclusive: U.S. banks prepare to seize energy assets as shale boom goes bust
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Mike Norman considers the following as important:
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Reuters - Exclusive: U.S. banks prepare to seize energy assets as shale boom goes bust