Monday, January 18, 2016

OIL GLUT: "Big banks brace for oil loans to implode "- Jan. 18, 2016

"
Now that the oil glut has caused prices to crash below
$30 a barrel , turmoil is rippling through the energy
industry and souring many of those loans. Dozens of oil
companies have gone bankrupt and the ones that haven't
are feeling enough financial stress to slash spending and
cut tens of thousands of jobs ..."

http://money.cnn.com/2016/01/18/investing/oil-crash-wall-street-banks-jpmorgan/index.html