Browsing: Oil and gas

Economy

Bankers continued tightening credit for business loans in the last three months while they continued to ease credit standards slightly in their home mortgage and consumer loan portfolios, according to the Federal Reserve’s latest senior loan officer survey released today.

Newsbytes

While consumers benefit from lower prices, the current six-year low for oil prices represents “grim times in the oil patch,” ABA President and CEO Frank Keating said on CNN today. If prices stay low, “there can be real calamity” for cities and states in oil-producing areas, he added.