Most of the media's attention has recently been on the weakness of the European banks. How exposed are Canadian banks to the huge down turn in commodity and oil prices, two of Canada's largest industries?
| +167 | Worlds Worst MDs Competition (2026 Edition) | 31 | 10h |
| +164 | Who Killed Wall Street | 48 | 2h |
| +163 | As Lehman people reconvene at UBS, Barclays needs to hire (2023) | 23 | 2d |
| +106 | Lindsay Clancy - Thoughts from A2 | 22 | 46m |
| +94 | Day at Macquarie | 12 | 3d |
| +54 | How bad did I mess up | 10 | 3d |
| +42 | EB (EVR/CVP/LAZ) vs MBB (Bain/BCG) | 20 | 20h |
| +38 | Misrepresented Houston IB | 14 | 4d |
| +34 | Most technical groups? | 18 | 5h |
| +33 | How bad is leaving after a few months | 11 | 8h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Well the top 6 have ~$100bn in direct gross credit exposure to O&G and considering oil extraction in Alberta is extremely expensive, prolonged depression in oil prices is going to cause some serious defaults.
Although the bank execs keep touting the fact that O&G loans are only a smart part of the portfolio, they're completely (probably purposely) ignoring the subsequent consequences if companies default; namely mass layoffs. A huge number of Alberta's workforce is dependent on oil so defaults are going to create a really large number of unemployed people over a small amount of time, and the personal defaults are going to cause a mess.
Illo quaerat quia porro omnis repellendus. Ab quisquam fugit aut assumenda quo nobis. Adipisci optio incidunt vitae.
Soluta velit assumenda laborum consequuntur. Nihil qui est illum reiciendis nam et et. Ut aperiam natus omnis aut sed et ullam.
Minus aliquid quo quas nulla dolores pariatur dolorem. Voluptatum earum dolorem atque et eius. Nam earum expedita cupiditate delectus ipsam. Architecto vitae amet aut aut in consequatur saepe. Iste ad dicta rerum autem esse. Et laborum sint commodi tenetur. Ut recusandae reiciendis velit blanditiis et perferendis quod.
Voluptatibus nam voluptas tenetur. Qui voluptatem aspernatur quod. Magnam ut ut quia. Voluptas autem aut et provident molestiae explicabo officiis non.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...