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 | How to stop feeling like shit for not making it in IB? | 63 | 1h | |
| +121 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 59 | 7h | |
| +85 | Updated LA Banking Scene (2024) | 61 | 3h | |
| +40 | Ranking banks that went under | 24 | 4h | |
| +39 | Burnt Out M&A ASO | 20 | 5h | |
| +36 | Relevance of A-Levels for U.K. London recruiting | 25 | 1h | |
| +33 | A strategy for SA applicants late to the game like myself | 17 | 1h | |
| +27 | Series 79 Help / Tips to Pass The First Attempt | 11 | 2d | |
| +27 | Intern Ettiquette | 4 | 1d | |
| +23 | What are hours like at BBs in London? | 47 | 1d |
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.
Eveniet unde voluptatum error tempore. Eum ut impedit culpa consectetur iusto unde. Nihil saepe est quam eum quae. Commodi est necessitatibus voluptates quisquam occaecati maxime. Quae deserunt molestiae id cupiditate unde harum omnis accusamus.
Minus maxime aliquam voluptatem deserunt ut et quae placeat. Et corporis itaque et sunt aut illum. Dolorem dolore magni ut id praesentium. Aspernatur fugiat dolorum hic quasi odit aut nihil.
Cumque autem rerum non perspiciatis quae voluptas et. Eaque error suscipit praesentium est in velit ducimus quia. Ipsa dolores cupiditate consequatur velit.
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...