Published by Promoting Economic Pluralism
LONDON, Oct 3 (Reuters) – The Net-Zero Banking Alliance is to cease operations after a vote to wind up the group which had already lost many of its members amid …
Net-Zero Banking Alliance folds after mass exodus by members Read More
One of the world’s largest banks threatened to leave the UK if the government increased tax on banks at last year’s autumn budget, openDemocracy can reveal. The head of US …
Banking giant threatened to leave UK over mooted tax increase Read More
LONDON, Oct 25 (Reuters) – Morgan Stanley has lowered its expectations for cutting emissions from its corporate lending portfolio as the world is moving too slowly to a greener economy, …
Morgan Stanley lowers climate target, warns on sluggish transition Read More
LONDON — laAs the U.S. heads for a highly contentious and close election in November, at the top of London’s pragmatic financial district there’s a distinct lack of fear, and …
Britain’s bankers want Donald Trump back Read More
Toronto-Dominion Bank (TD), Canada’s second-largest bank, saw its profits plunge in the third quarter as it prepares to be hit with hefty fines over a U.S. federal probe into the bank’s anti-money …
A major bank is bracing for billions in fines over reported Chinese drug trafficking Read More
LONDON, June 21 (Reuters) – Once seen as hostile to banks, Britain’s Labour has courted lenders in recent years as it attempts to gain power, yet some of the left-leaning …
Consumer-focused lending under Labour could dent UK bank profits Read More
Banking giant Capital One has announced plans to acquire Discover Financial Services for $35.3bn in a deal combining two of the United States’s biggest lenders and credit card issuers. Capital …
US banking giant Capital One to buy Discover Financial for $35.3bn Read More
A crisis of confidence in the US banking sector led people to pull their money from banks including Silicon Valley Bank and Credit Suisse, and more recently, First Republic Bank and California-based PacWest …
Digital bank runs: social media played a role in recent financial failures but could also help investors avoid panic Read More
Frances Coppola on the power of salacious rumour. On Friday 10th March, a bank died. Silicon Valley Bank’s sudden failure sent shockwaves across the world. How could an apparently sound …
Pecked to death Read More
In prepared testimony for a Senate Banking Committee hearing slated for Tuesday morning, the chair of the Federal Deposit Insurance Corporation reveals that the 10 largest deposit accounts at Silicon Valley Bank …
‘The Billionaire Bailout’: FDIC Chair Says the Biggest Deposit Accounts at SVB Held $13 Billion Read More