WASHINGTON — While the energy sector and regions that rely heavily on oil and gas production have been hit hard by the glut in the global oil supply and the closure of drilling rigs across the country, the probability of widespread bank failures as a result appears to be remote.

That's because banks have avoided becoming hyperleveraged in the sector and have built up substantially more capital to weather prolonged low prices, according to analysts. At least some of that is attributable to capital and other reforms that were put into place since the 2008 financial crisis.

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