I THINK American banks have a lot more cash on hand this time, but I dont know how YUGE they are taking it on the chin from bad fracking loans.
Looks like a majority of their branches in the U.S. are in Florida, North Carolina and California. Would think they wouldn’t be heavily invested in fracking loans in those states. Understand a few banks in Texas are really hurting because of fracking loans though. As goes oil, so does Texas!