US banks look to takeover bankrupt oil and gas cos

US banks are preparing to takeover oil and gas fields across the country, Reuters has reported, to avoid losses on loans to energy companies that may go bankrupt as the oil price crash bites the shale industry.

US banks look to takeover bankrupt oil and gas cos US banks look to takeover bankrupt oil and gas cos US banks look to takeover bankrupt oil and gas cos US banks look to takeover bankrupt oil and gas cos US banks look to takeover bankrupt oil and gas cos

 

Sources familiar with the matter told the newswire that JPMorgan Chase & Co, Wells Fargo & Co, Bank of America Corp and Citigroup Inc are each in the process of setting up independent