U.S. banks worried about lending to shale drillers

Bank regulators are getting worried about the risks involved in lending to U.S. shale drillers, reports Bloomberg.

It adds, “Wall Street has been one of the biggest allies of the shale revolution, bankrolling thousands of wells from Texas to North Dakota.” But now, the impact of low oil prices may start to change banks’ practices. Read more.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.