Investments

The $223 billion-asset bank said it will train its commercial bankers to work with clients to develop decarbonization transition plans. It also committed to reaching carbon neutrality within 12 years.

The former U.S. vice president turned climate crusader says Big Oil and the banks backing it still have huge financial incentives to stick with fossil fuels, even though their decision to do so is the leading cause of the climate crisis.

But at the same time, the publicly traded company is selling off another type of housing finance asset to some large depository institutions.

Franklin Templeton has joined fellow asset manager powerhouses Fidelity and BlackRock in the race to win approval to offer the first U.S. exchange-traded fund that invests directly in bitcoin. 

Regional banks may soon favor CLOs again while proposed rules could draw banks to the market long-term.

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.