US finance navigates Trump ‘anti-woke’ era while staying open for green business

Q: How long will it take to read this news story?

The story "US finance navigates Trump ‘anti-woke’ era while staying open for green business" has 1292 words across 44 sentences, which will take approximately 6 - 11 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "US finance navigates Trump ‘anti-woke’ era while staying open for green business" was covered 1 days ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 16 news stories per day. It's most recent story was published 10 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #24911686</li><li>URL: https://beamstart.com/news/us-finance-navigates-trump-anti-17361459501220</li></ul>

Financial Times 1d ago

US finance navigates Trump ‘anti-woke’ era while staying open for green business - Financial Times

Quick Summary:

Citigroup, Bank of America and Morgan Stanley have quit the Net-Zero Banking Alliance (NZBA), following Wells Fargo and Goldman Sachs, in the final weeks of 2024, citing the need for more targeted strategies.

A key flash point emerged around a recommendation last March that members aim to cut CO₂ emissions related not only to lending but also to capital markets activity, for example those emissions linked to a bond issuance for an oil and gas company where the bank was underwriting the deal, an EU banker familiar with the discussions said.

Bank of America left the net zero banking alliance on New Year’s eve, just weeks after structuring the refinancing of $1bn of the nation’s debt which channelled some funds to protect biodiversity.