Citigroup Inc. US:C had the largest exposure, by outstanding loan balance, at about $19.4 billion as of the end of fourth quarter of last year, followed by Wells Fargo & Co. US:WFC Bank of America Corp. US:BAC and JP Morgan Chase & Co. US:JPM, which had about $13 billion each during the same period.
But when looking at energy exposure as a share of a bankโs overall loan book, Goldman Sachs Group Inc. US:GS came out on top in terms of exposure to oil and gas at 11.2% of its total loan book as of the fourth-quarter.
Comerica Incorporated US:CMA, CIT Group Inc. US:CIT, Zions Bancorp US:ZION were next in line with exposure of more than 3% of their total loan books.
Certain US banks are already beginning to seize shale oil assets
According to Reuters, a raft of big lenders including JPMorgan Chase & Co, Wells Fargo & Co, Bank of America Corp and Citigroup Inc, have kicked off the process of setting up independent companies that will take over operations at distressed oil and gas companies.
https://oilprice.com/Energy/Energy-General/Big-Banks-Set-To-Seize-Shale-Oil-Assets.html
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