BNP Pulls Plug On US Energy Sector, Will Exit RBL Lending
![BNP Pulls Plug On US Energy Sector, Will Exit RBL Lending BNP Pulls Plug On US Energy Sector, Will Exit RBL Lending](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/de84de765414c7a68d6e2e5bd0b26ee7-600x915.jpg?itok=EJ4TXV-D)
Back in 2012, BNP Paribas exited the North American reserve-based lending market, when it sold its RBL unit to Wells in an effort to shore up its balance sheet amid the turmoil generated by the eurozone debt crisis.
A little over two years later, in the fall of 2014, BNP got back into the RBL game in the US. That probably wasn’t a good idea.