Reuters ahead with news on Wells Fargo shifting energy bankers to focus on bankruptcies

Reuters broke the news that Wells Fargo & Co has revived its special group for bad energy loans as the bank braces for more pain from the sharp downturn in oil prices. Sitting inside the credit-resolution group, where Wells Fargo handles struggling borrowers, the team includes many bankers who previously worked with the same oil and gas producers in its investment bank.