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re: Banking Giant Vows To Quit Funding New Oil And Gas Projects

Posted on 12/14/22 at 12:08 pm to
Posted by squid_hunt
Baton Rouge
Member since Jan 2021
11272 posts
Posted on 12/14/22 at 12:08 pm to
quote:

More financing opportunities for American banks?

Exactly. Competition is the ultimate motivator.
Posted by dat yat
Chef Pass
Member since Jun 2011
4336 posts
Posted on 12/14/22 at 12:17 pm to
quote:

More financing opportunities for American banks?

Exactly. Competition is the ultimate motivator.


Most banks in the oil belt already limit their exposure to O&G so the portfolio is more balanced. American banks in other regions are going to have to step in if too many bigs bail.
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