NEW YORK (Reuters) - Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans to energy companies that may go bankrupt, sources aware of the plans told Reuters.
Reuters - Exclusive: U.S. banks prepare to seize energy assets as shale boom goes bust
1 comment:
Well that's better than what the UK government is doing: handing out multi million pound loans for firms in trouble:
https://www.cumnockchronicle.com/news/national-news/18370738.greggs-receives-150m-government-coronavirus-loan/
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