Home / Tag Archives: Bank of America

Tag Archives: Bank of America

As coal demand drops, so do funding sources

Bill Rau deals in rubies and Rembrandts, and if you told him a year ago he’d be traveling to England to buy an old lump of coal, he would have called you crazy. Then he saw it — a “monumental specimen” excavated from an Italian mine in the 1890s. “I had to buy it,” he thought. “This is a museum ...

Read More »

Citigroup to set aside $100 bln to fund green initiatives

Citigroup Inc said it would set aside $100 billion to fund environmental projects over the next decade, doubling the amount it had earmarked for such projects in 2007. Citigroup said it would fund projects related to renewable energy, greenhouse gas reductions and sustainable transportation. The third-largest U.S. bank said it had met its previous investment target three years ahead of ...

Read More »

Exclusive: Bank of America seals oil financing deal with Philly refinery

NEW YORK (Reuters) – Bank of America Corp <BAC.N> has clinched a deal to provide inventory and working capital financing to the biggest oil refinery on the East Coast, replacing JPMorgan Chase & Co <JPM.N> with a revamped arrangement that excludes physical supplies, according to a source familiar with the deal. The agreement with Philadelphia Energy Solutions (PES), sealed on ...

Read More »

Senior BNP Paribas energy traders quit; bank denies downsizing

(Reuters) – Two senior BNP Paribas energy traders in New York have left, but the Paris-based bank said on Monday it was not downsizing its U.S. commodity and energy businesses. Keith Shoemaker, managing director of North American natural gas trading, and William Hartz, head of financial oil trading, have resigned, BNP Paribas’ head of commodity derivatives Catherine Flax told Reuters. ...

Read More »

Lario Oil & Gas gets $600 million credit

oil rig

DENVER (AP) — Lario Oil & Gas says a $600 million credit facility it has negotiated with Wells Fargo and others gives it flexibility as it expands in regions where hydraulic fracking has created an oil boom. In a statement released Monday by its Denver office, Lario said Wells Fargo and JP Morgan were the joint lead arrangers of the facility, ...

Read More »