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Wall Street's Biggest Banks Failing Key Green Test in Fresh Study
The six biggest banks on Wall Street are failing to live up to a key plank of their ESG commitments to stakeholders, according to a joint study published on Wednesday.
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Bank Lending To Plastics Industry Faces Scrutiny As Pollution Concerns Mount
Compiled by https://portfolio.earth, a research network, the report ranked Bank of America Corp, Citigroup Inc and JPMorgan Chase & Co as the three biggest financiers of plastics between January 2015 and September 2019.
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Forever 21 Files For Bankruptcy Amid Fierce E-Commerce Competition
Since the start of 2017, more than 20 US retailers, including Sears Holdings Corp and Toys 'R' Us, have filed for bankruptcy, succumbing to the onslaught of fierce e-commerce competition from Amazon Inc.
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Warren Buffett Adds More Apple, Reduces IBM Stake by Another Third
Berkshire also boosted its stake in Apple Inc 3 per cent to 134.1 million shares worth $20.7 billion, and became Bank of America Corp's largest shareholder by exercising warrants for 700 million shares.
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Former British Banker Cites 'Diminished Responsibility' Over Hong Kong Double Murder Charge
Former British banker Rurik Jutting, charged with the double murder of two Indonesian women found in his luxury high-rise Hong Kong apartment two years ago, pleaded not guilty to murder but guilty to a lesser charge of manslaughter on Monday.
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Disney, Microsoft Among Possible Twitter Suitors: Reports
The microblogging service has reportedly started talks with a number of technology companies to sell itself, including Google parent Alphabet Inc and may receive a formal bid soon. A source told Reuters that Salesforce.com Inc is also in pursuit.
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Bank Of America Warns Of Impact If Brexit Uncertainty Continues
BofA, whose UK exposure is concentrated in multinational corporations and sovereign clients, said net exposure to the UK totalled $56.31 billion as of June 30.
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Bank Of America Sets New Cost Target Under Pressure From Low Rates
Bank of America Corp reported a 19 per cent drop in second quarter profit on Monday and set a new expense target as growth in businesses from lending to trading failed to offset the impact of persistently low interest rates.
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Wall Street: Investors Hope Tech Giants Repeat Google Surge
Google Inc's strong quarterly results, which unleashed a massive surge in its shares on Friday, has investors feeling upbeat heading into next week's tech-heavy slate of earnings reports.
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Citigroup to Set Aside $100 Billion to Fund Green Initiatives
Citigroup Inc said it would set aside $100 billion to fund environmental projects over the next decade, doubling the amount it had earmarked for such projects in 2007.
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Record Mortgage Settlement Pushes Bank of America Into Q3 Loss
Bank of America Corp, the second-largest US bank, reported a quarterly loss applicable to common shareholders, largely due to a huge mortgage settlement with the US government.
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Wall Street Flat After Selloff, Global Growth Worry Lingers
US stocks were little changed on Wednesday after a selloff that took the S&P 500 to its lowest level in nearly two months, as concerns lingered over how a strong dollar and weak global growth may impact corporate earnings.
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Morgan Stanley to Raise Junior Bankers' Base Salaries by 25%: Report
Investment banks across Wall Street have tried to ease schedules of junior bankers. Institutions such as Bank of America Corp have outlined measures to ensure that analysts and associates are recommended to take a minimum of four weekend days off per month.
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UBS Cements Lead as Largest Private Bank, Assets Near $2 Trillion: Study
UBS cemented its lead over US brokerage Bank of America Corp as the world's largest private bank and is within striking distance of managing $2 trillion on behalf of the wealthy, according to a study on Thursday.
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Citigroup May Pay $7 Billion to Resolve US Mortgage Probes: Report
Citigroup Inc is close to paying about $7 billion to resolve a US probe into whether it defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, according to a source familiar with the matter.
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Wall Street's Biggest Banks Failing Key Green Test in Fresh Study
The six biggest banks on Wall Street are failing to live up to a key plank of their ESG commitments to stakeholders, according to a joint study published on Wednesday.
-
Bank Lending To Plastics Industry Faces Scrutiny As Pollution Concerns Mount
Compiled by https://portfolio.earth, a research network, the report ranked Bank of America Corp, Citigroup Inc and JPMorgan Chase & Co as the three biggest financiers of plastics between January 2015 and September 2019.
-
Forever 21 Files For Bankruptcy Amid Fierce E-Commerce Competition
Since the start of 2017, more than 20 US retailers, including Sears Holdings Corp and Toys 'R' Us, have filed for bankruptcy, succumbing to the onslaught of fierce e-commerce competition from Amazon Inc.
-
Warren Buffett Adds More Apple, Reduces IBM Stake by Another Third
Berkshire also boosted its stake in Apple Inc 3 per cent to 134.1 million shares worth $20.7 billion, and became Bank of America Corp's largest shareholder by exercising warrants for 700 million shares.
-
Former British Banker Cites 'Diminished Responsibility' Over Hong Kong Double Murder Charge
Former British banker Rurik Jutting, charged with the double murder of two Indonesian women found in his luxury high-rise Hong Kong apartment two years ago, pleaded not guilty to murder but guilty to a lesser charge of manslaughter on Monday.
-
Disney, Microsoft Among Possible Twitter Suitors: Reports
The microblogging service has reportedly started talks with a number of technology companies to sell itself, including Google parent Alphabet Inc and may receive a formal bid soon. A source told Reuters that Salesforce.com Inc is also in pursuit.
-
Bank Of America Warns Of Impact If Brexit Uncertainty Continues
BofA, whose UK exposure is concentrated in multinational corporations and sovereign clients, said net exposure to the UK totalled $56.31 billion as of June 30.
-
Bank Of America Sets New Cost Target Under Pressure From Low Rates
Bank of America Corp reported a 19 per cent drop in second quarter profit on Monday and set a new expense target as growth in businesses from lending to trading failed to offset the impact of persistently low interest rates.
-
Wall Street: Investors Hope Tech Giants Repeat Google Surge
Google Inc's strong quarterly results, which unleashed a massive surge in its shares on Friday, has investors feeling upbeat heading into next week's tech-heavy slate of earnings reports.
-
Citigroup to Set Aside $100 Billion to Fund Green Initiatives
Citigroup Inc said it would set aside $100 billion to fund environmental projects over the next decade, doubling the amount it had earmarked for such projects in 2007.
-
Record Mortgage Settlement Pushes Bank of America Into Q3 Loss
Bank of America Corp, the second-largest US bank, reported a quarterly loss applicable to common shareholders, largely due to a huge mortgage settlement with the US government.
-
Wall Street Flat After Selloff, Global Growth Worry Lingers
US stocks were little changed on Wednesday after a selloff that took the S&P 500 to its lowest level in nearly two months, as concerns lingered over how a strong dollar and weak global growth may impact corporate earnings.
-
Morgan Stanley to Raise Junior Bankers' Base Salaries by 25%: Report
Investment banks across Wall Street have tried to ease schedules of junior bankers. Institutions such as Bank of America Corp have outlined measures to ensure that analysts and associates are recommended to take a minimum of four weekend days off per month.
-
UBS Cements Lead as Largest Private Bank, Assets Near $2 Trillion: Study
UBS cemented its lead over US brokerage Bank of America Corp as the world's largest private bank and is within striking distance of managing $2 trillion on behalf of the wealthy, according to a study on Thursday.
-
Citigroup May Pay $7 Billion to Resolve US Mortgage Probes: Report
Citigroup Inc is close to paying about $7 billion to resolve a US probe into whether it defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, according to a source familiar with the matter.
