Credit risk in large, syndicated loans of more than $20 million remains high for this phase of an economic expansion, according to the interagency Shared National Credits Review released today.
Browsing: Oil and gas
With the path of oil prices uncertain but not forecast to improve substantially in the coming months, the FDIC today issued guidance reiterating principles for prudently managing risks associated with oil and gas exposures.
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.
Against slow global growth this year, upward pressures on crude oil prices will be weak at best.
The OCC today updated its Comptroller’s Handbook with a revised booklet on oil and gas exploration and production lending.
Credit risk in large, syndicated loans of more than $20 million remains high, according to the interagency Shared National Credits Review released yesterday.
Recent trends, from the drop in oil prices to changes in the auto loan market, underscore the importance of risk management fundamentals.
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.