US Banks Holding Over $100 Billion In Energy Loans

摘要

As JP Morgan Chase & Co. braces for losses on energy loans that could total $2.8 billion this year, major U.S. banks must nervously ponder an estimated $123 billion that they have lent the in- dustry. Bloomberg Gadfly columnists Lisa Abramowicz and Rani Molla came up with that figure based on analyst re- ports of 14 major institutions, including JP Morgan, Bank of America, Citigroup, Wells Fargo, Morgan Stanley and Gold- man Sachs. The number may not fully re- flect the risk, the writers acknowledged, or it may substantially overstate it.