News
12 February 2016

BNP Paribas backs out of reserve based lending

Region:
Americas

French bank BNP Paribas has shut down its reserve-based lending business in Houston after 13-year-low oil prices stoked concerns of rising loan defaults among borrowers, say sources. BNP retreated from reserve-based lending back in February 2012, selling the business to Wells Fargo but...

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