Investments

Visa Chief Executive Al Kelly, who’s been helping employees and their families who have fled the war in Ukraine, said he expects a “prolonged battle” because Russian President Vladimir Putin has underestimated the strength of the resistance. 

Federal financial agencies’ role in combating climate change has become a politically polarized topic, as the withdrawal of Fed nominee Sarah Bloom Raskin shows. Treasury Secretary Janet Yellen and other regulators could make changes to exam procedures and take other steps that don’t require congressional cooperation.

Credit Agricole has suspended its activities in Russia, joining a growing list of lenders scaling back their business in the country after the invasion of Ukraine.

Sanctions imposed over the Ukraine war prompted the French bank to tell commercial clients it won't process their Russian transactions after March.

PayPal does its part in Ukraine, recognition for U.S. Bank and more in banking news this week.

European banks trying to decide whether and how to leave Russia in the wake of the invasion of Ukraine are finding that extracting themselves will be slow, costly, and may come with a reputational price no matter what they do.

Texas is seeking information from more than a dozen major finance firms on whether their operations discriminate against the fossil-fuel industry. 

HSBC Holdings promised to “phase down” its financing of the fossil fuel industry, sending a warning to oil and gas clients as the bank works toward its target of net-zero emissions.

A group of religiously affiliated shareholders that had pushed the bank to write the report says it does not include the voices of key stakeholders. The report's recommendations, written by an outside law firm, touch on workforce diversity, customer remediation and preventing retaliation against employees.

West Virginia’s legislature has approved a proposal that could restrict the state’s work with financial institutions that have limited their business with coal and oil companies.