Bankers across the country expect that some loans made to the oil and natural gas industry could deteriorate this year and lead to more charge-offs, which has prompted increased monitoring of impacted borrowers, particularly in regions that rely more heavily on energy-related lending.
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Fed Finds Mixed Concerns Among Banks About Oil/Gas Industry Loans
Bankers across the country expect that some loans made to the oil and natural gas industry could deteriorate this year and lead to more charge-offs, which has prompted increased monitoring of impacted borrowers, particularly in regions that rely more heavily on energy-related lending.
Chilton Urges CFTC to Appeal Position Limits Ruling
International bankers have “temporarily prevailed” on the lawsuit challenging the Commodity Futures Trading Commission’s (CFTC) rule limiting speculative trading in commodity derivatives, but the “struggle isn’t over,” CFTC Commissioner Bart Chilton vowed last Tuesday as trading exchanges backed off their previous plans of altering their own position limit rules.
Chilton Urges CFTC to Appeal, Seek Stay of Decision Vacating Position Limits
International bankers have “temporarily prevailed” on the lawsuit challenging the Commodity Futures Trading Commission’s (CFTC) rule limiting speculative trading in commodity derivatives, but the “struggle isn’t over,” said CFTC Commissioner Bart Chilton Tuesday.
British Bankers Charged in Enron-Related Case Closer to Extradition
Three British bankers wanted in the United States on Enron Corp.-related fraud charges are one step closer to being extradited back to the United States for trial after a European court refused to halt extradition proceedings.
Alaska Talks to Investment Bankers About Financing Options for North Slope Gas Pipeline
Alaska officials have held opening discussions with several New York investment banking firms about funding construction of a major pipeline to transport North Slope natural gas to U.S. continental markets, according to the office of state Gov. Frank Murkowski.
Alaska Talks to Investment Bankers About Financing Options for North Slope Gas Pipeline
Alaska officials have held opening discussions with several New York investment banking firms about funding construction of a major pipeline to transport North Slope natural gas to U.S. continental markets, according to the office of state Gov. Frank Murkowski.
El Paso Gets Extension of $3B Credit Line
El Paso Corp. said last week a consortium of 50-plus bankers agreed to a one-year extension of the company’s $3 billion revolving credit line that was due to expire in May 2004.
El Paso Gets Extension for $3B Debt Payment
El Paso Corp. said Wednesday a consortium of 50-plus bankers agreed to a one-year extension of the company’s $3 billion revolving credit facility that was due to expire in May 2004.
PG&E Defaults; State Steps In
As Pacific Gas & Electric Co. announced Friday it wasdefaulting on payments to power generators, the state of Californiawas issuing an RFP to bankers for a plan to issue bonds to raise upto $10 billion to finance power purchases for the PG&E utilityand SoCal Edison. The banks have until Wednesday to respond.