Investments

A recent court decision could create more crypto-service opportunities for traditional banks.

North American and Chinese banks fared worst in the study, with the Transition Pathway Initiative Global Climate Transition Centre finding that lenders based in Europe and Japan "are far ahead" of others when it comes to taking action on climate change.

Kevin Meyersburg, who is white, says in a lawsuit that the Wall Street investment bank terminated his employment and replaced him with a Black woman who is less qualified for the position. Morgan Stanley declined to comment.

The Attorney General's office found the firm complies with a 2021 state law banning contracts with companies that "discriminate" against the firearm industry.

Most financial firms are failing to see how the natural world impacts their business, but they're about to wise up — quickly. 

Banks are committing financing for a slew of new deals, while investors clamor for syndicated loans as interest rates rise.

Software can help banks move computing workloads to geographic regions where clean energy is available.

The state treasurer's revisions, which shrank the list to six financial firms from 13, includes Bank of America, JP Morgan Chase and Wells Fargo.

About two-thirds of respondents in a survey of roughly 300 Bloomberg terminal users said the anti-ESG movement that started in the U.S. last year will force firms to stop using those three letters in conversations with clients.

Moody's said higher funding costs, a potential decline in bank capital and growing risk in the commercial real-estate industry prompted many of the downgrades.