Report: US banks prepare to seize energy assets as shale boom goes bust

Banks might hire former industry executives, specialty firms to run oil and gas businesses, sources said

Banks: JPMorgan Chase, Wells Fargo, Bank of America and Citigroup are each in the process of setting up independent companies to own oil and gas assets — Banks: JPMorgan Chase, Wells Fargo, Bank of America and Citigroup are each in the process of setting up independent companies to own oil and gas assetsPhoto: REUTERS/SCANPIX

Reuters

Shale US Callon Petroleum Whiting Petroleum Chesapeake Energy

Published 13 April 2020, 14:24Updated 13 April 2020, 14:24