Investments

Pandemic funding cuts may pop up in any of the four big-ticket, must-pass bills Congress will take up this year.

At the two big banks, proposed phaseouts of lending for new fossil-fuel exploration drew less shareholder support on Tuesday than they did a year ago. The results were a blow to activists who want big banks to take stronger action to combat climate change.

Bank of America hits 100% recycled-plastic card goal for Earth Day, First U.S. Community Credit Union names new CEO, Santander partners with DailyPay, and more in this week's banking news roundup.

The company is adding fixed income securities to its offering while interest rates rise and the U.S. equities market continues to modernize

Regulators had their priorities backward when it came to overseeing SVB and allowed an obvious danger to go unmitigated.

The decrease in long-term interest rates this year has helped banks' bond portfolios recover a bit. Some of them may consider restructuring their securities portfolios in the short run, and longer-term changes are also possible as the fallout from last month's crisis continues.

JPMorgan's board of directors recommended shareholders reject three proposals for the bank to divest from fossil fuels, set new emissions reduction targets and detail 2030 decarbonization plans.

Deal supply remains relatively strong in the sector, but new originations still face a scarcity of new assets to roll into the deals.

"Florida will not side with economic central planners; we will not adopt policies that threaten personal economic freedom and security," said Gov. Ron DeSantis.

How banks' social responsibility goals can encompass working for women's economic empowerment