Bank financing for fossil fuels fell 18 per cent to $870bn in 2023, according to BloombergNEF, which pushed up banks’ energy supply banking ratio — how much clean energy they finance versus fossil ...

Founded in 2016, Kroo positions itself as a socially conscious bank, through which De Gottardo hopes to “change the banking industry for the best”. He joined the new lender as chief risk officer in ...

Indeed, the fact that many leading global banks have decided to leave the Net-Zero Banking Alliance, a privately led group committed to “aligning their lending, investment, and capital markets ...

Deutsche Bank reported on Thursday a sharp decline in profits for the final quarter of 2024, with net profit attributable to ...

Is the UN-convened initiative dead in the water, or is the departure by US lenders an opportunity to strengthen the climate ...

“Banks have an inherent incentive to reduce their projected losses in the adverse scenario and, in turn, influence their ...

Dutch lender ING announced on Tuesday that it has agreed to sell its Russian operations to Moscow-based Global Development ...

Concerns are mounting about a likely increase in banking and financing litigation in the US this year, according to survey ...

The delay also follows UK government pressure to ease regulatory burdens and stimulate economic growth. Prime Minister Sir ...

The US Securities and Exchange Commission has overturned a Biden-era rule that made it costly for banks to hold digital ...

As one of his last official acts, in December US President Joe Biden approved the transfer of $20bn to a new World Bank-administered fund for Ukraine. This transfer is part of a larger $50bn loan ...

The Northern Endurance Partnership, which recently secured several billion pounds in debt financing, is developing onshore and offshore infrastructure to transport carbon dioxide from carbon capture ...