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Financial institutions see profit in green movement

New Crop of Green Banks Sprouting

American Banker  |  Monday, June 16, 2008

With bank failures on the rise and the economy in turmoil, GreenChoice Bank in Chicago, aspires to be one of the Midwest's first green lenders...

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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