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Wells Fargo has biggest energy exposure among large US banks: Raymond James
2015-09-24 23:02:38| Apparel - Topix.net
REUTERS: Wells Fargo & Co has the largest exposure to loans to energy companies among major U.S. lenders, a report from Raymond James said, amid concerns that banks may have to set aside more money to cover bad loans to the industry. The bank also topped the list with the biggest exposure to energy companies whose public debt was trading less than 35 percent of par, the brokerage said on Thursday.
Tags: large
james
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banks
Capital Return Review: Wells Fargo
2015-09-23 22:58:43| Paper - Topix.net
Wells Fargo trades at a higher valuation than the other three major U.S. banks but this could be justified by higher fundamental quality. The bank pays among the highest dividend of the four major U.S. banks and is repurchasing billions in stock.
Tags: review
return
capital
wells
NNPC secures $1.2bn drilling financing package for 36 oil wells in Nigeria
2015-09-21 01:00:00| Offshore Technology
The Nigerian National Petroleum (NNPC) has secured a $1.2bn multi-year drilling financing package for 36 offshore/onshore oil wells from a consortium of Nigerian and international lenders.
Tags: in
package
oil
financing
Cramer -- Eli Lilly Will Outperform, Buy General Mills, Wells Fargo
2015-09-18 20:08:06| Biotech - Topix.net
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Texas Wastewater Injection Wells Off the Hook for Causing Earthquakes
2015-09-17 08:17:59| Energy - Topix.net
On September 10, the Texas Railroad Commission absolved a second oil and gas company of causing a series of earthquakes in northern Texas finding that the seismic activity was due to "natural tectonic processes." The Commission issued two preliminary reports in the past two weeks addressing whether two oil and gas companies - XTO Energy and EnerVest - caused earthquakes by injecting wastewater into the ground produced by the drilling industry.
Tags: texas
causing
wells
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