The Street -
12 Jan 2015 18:10
NEW YORK (TheStreet) -- Investment banks that have profited from the oil and gas boom may feel the pain as the repercussions of tumbling oil prices hit their bottom lines. After the financial crisis, banks have struggled to find revenue growth. One bright spot has been the energy sector -- from loans to underwriting bonds to advising on mergers, even home mortgages for oil workers, a New York Times article notes. "Yet with the price of crude oil falling below levels sufficient for some energy co...
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