U.S. banks prepare to seize energy assets as shale boom goes bust - Reuters
▻https://www.reuters.com/article/us-usa-banks-energy-assets-exclusive-idUSKCN21R3JI
JPMorgan Chase & Co, Wells Fargo & Co, Bank of America Corp and Citigroup Inc are each in the process of setting up independent companies to own oil and gas assets, said three people who were not authorized to discuss the matter publicly. The banks are also looking to hire executives with relevant expertise to manage them, the sources said.
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