Dallas Fed’s Kaplan swings his gaze to the local banksters. The vaunted “Texas Premium” is being stripped naked and exposed.
Banks in Texas and parts of Louisiana and New Mexico are setting aside more money to guard against loan losses as the energy companies they serve struggle amid still-low oil prices, the Dallas Federal Reserve Bank said in a report Thursday.
Banks in the district supervised by the Dallas Fed are also getting additional scrutiny for their commercial real estate loans, the regional Fed bank’s president, Robert Kaplan, said in the report, which characterized commercial real estate as an “emerging area of concern.”
Source: Texas banks face increasing risks from low oil prices: Dallas Fed By R
If you enjoy the content at iBankCoin, please follow us on Twitter
