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Investors crank up the heat on bank fossil fuel financing

Corporate Knights

New research reveals that banks are doing little to finance a low-carbon future, while investing trillions in multinational oil companies, some of which have doubled their profits in the last year. During that timeframe, the banks continued to pour $2.3 Finance banks Fossil fuels

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Which banks are financing the clean energy transition?

Corporate Knights

The real question is, are the world’s banks ready to fund the development of renewable technologies at scale, and updating all the infrastructure in between? And which banks will take the lead? . 3 Amalgamated Bank USA 19.46% 39.5 8 DBS Bank Ltd.

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What the collapse of Silicon Valley Bank means for climate tech

Corporate Knights

More than 1,550 community solar, battery storage and hydrogen firms in the United States were rushing to regroup after last week’s collapse of the Silicon Valley Bank (SVB), which had issued them billions of dollars in operating loans. bank failure since the 2008 financial crash.

Banking 246
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Advocates urge regulation of banks’ climate commitments to avoid greenwashing

Corporate Knights

A coalition of environmental groups is calling on the federal government to regulate climate commitments made by banks and other financial institutions to avoid greenwashing and accelerate change. . Oil and gas companies represent less than 5% of outstanding loans by Canadian banks.

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Stronger climate regulations for banks might not actually cut emissions

Corporate Knights

Advocates say new regulations that will force banks and insurance companies to disclose climate risks don’t do enough to force financial institutions to address those risks, too. Banks making loans to the sector could face a large share of these losses.

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Five ways to give central banking a makeover

Corporate Knights

To most people, central banking is a mystery. The key is to know that, while a bank creates money as a loan that needs to be repaid, a central bank creates it as a gift to the economy at a time of crisis that does not need to be repaid.

Banking 259
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Insights from green banking: What keeps customers from switching banks?

GreenBiz

Insights from green banking: What keeps customers from switching banks? ESG may be all the rage, but what about retail banking? The deposits you make at your retail bank for personal and business accounts sustain the bank’s ability to make loans and investments.

Banking 522
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Rate reset presents banks with IRRBB challenge

McKinsey Sustainabilty

By focusing on six key areas, banks can more accurately manage rising interest rates and credit spread risk across business lines, meet regulatory demands, and create competitive advantage. Risk & Resilience Insights Banking Banking risk management

Banking 78
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‘Any delay means risk’: Senator looks to speed up banks’ net-zero journey

Corporate Knights

In the pursuit of its net-zero 2050 goal, Canada needs a rigorous strategy to require banks and other key financial system players, including Crown corporations, to fully align their operations with the country’s international climate commitments. Climate Crisis banks net zero

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What is central bank digital currency (CBDC)?

McKinsey Sustainabilty

CBDCs are digital currencies issued by central banks. McKinsey Explainers BankingTheir value is linked to the issuing country’s official currency.

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Is the Competition Bureau's probe into RBC's climate claims a warning to other banks?

Corporate Knights

The federal Competition Bureau’s decision to investigate charges of misleading advertising against the Royal Bank of Canada is a sign that federal regulators are paying closer attention to the climate crisis and its causes, says the environmental law charity that filed the case.

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AllianceBernstein Partners With Second Harvest Food Bank

3BL Media

DESCRIPTION: This past month, AB’s senior leaders gathered in Nashville for an annual offsite meeting, and spent a day partnering with Second Harvest Food Bank to pack +2,200 weekend meals for Middle Tennessee children in need. KEYWORDS: NYSE:AB, AllianceBernstein, Second Harvest Food Bank.

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Banks Renewables - Banks Renewables reaches 100th onshore wind turbine landmark

Global Renewable News

North East renewable energy developer Banks.

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From Cuba to Kentucky, a U.S. Bank Employee Celebrates Her Citizenship

3BL Media

Bank Client Relationship Consultant Camila Asenjo Perez arrived in the U.S. Bank earlier this year at the Hopkinsville branch, which is in the southwest part of the state and boasts a population of approximately 31,000. Bank customers so she can serve them better. “I Bank here.

Banking 246
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Open Banking and Ecosystems

Cisco CSR

Open banking made this possible. Open banking allows third-party financial services companies to access consumer banking, transaction, and other financial data via the secure use of APIs. It wasn’t just that Venmo happened but open banking for the digital ecosystem.

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Regions Bank Wins Gallup Exceptional Workplace Award

3BL Media

SOURCE: Regions Bank. April 11, 2022 /3BL Media/ – Regions Bank on Thursday announced the company has received the 2022 Gallup Exceptional Workplace Award (GEWA). Regions Bank is an Equal Housing Lender and Member FDIC. Regions earns honor for eighth year in a row.

Banking 245
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Banks missing two key steps in making ‘just transition’ part of net-zero plans

Corporate Knights

In early April, Wet’suwet’en hereditary Chiefs and environmentalists looked to attend the Royal Bank of Canada’s annual general meeting, hoping to speak with the bank’s CEO, David McKay. Another member of the Net-Zero Banking Alliance, U.K.-based

Net Zero 273
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Banks Renewables - Banks Renewables submits plans for Teesside Wind Farm lifetime extension

Global Renewable News

Renewable energy firm Banks Renewables has.

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Regional Food Bank Receives $50,000 Grant from KeyBank Foundation

3BL Media

DESCRIPTION: The Regional Food Bank of Northeastern New York was awarded a $50,000 grant from the KeyBank Foundation to support children through its BackPack Program. KEYWORDS: NYSE: KEY, keybank, keybank foundation, Regional Food Bank of Northeastern New York, The BackPack Program.

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PNC Bank Introduces Minority Business Development Group

3BL Media

Bank's Diverse Business Banking Segment to accelerate support of minority-owned businesses. With 33 years of banking experience, Marshalynn Odneal, national sales executive for Minority Business, will lead this national effort. KEYWORDS: Banking & Finance, NYSE:PNC, PNC.

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Fifth Third Bank Makes BLINK Festival Carbon Neutral in Cincinnati

3BL Media

DESCRIPTION: Joining with Cincinnati Mayor Aftab Pureval and representatives from Duke Energy, the Cincinnati USA Regional Chamber and BLINK, Fifth Third Bank announced on Sept. The Bank has been an active participant in BLINK since 2019. SOURCE: Fifth Third Bancorp.

Banking 245
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GreenFin 22: GreenBiz Studio feat. Alex Liftman (Bank of America)

GreenBiz

This video is sponsored by Bank of America. Alex Liftman discusses how climate disclosure has evolved and how Bank of America integrates ESG into their corporate strategy

Banking 316
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Climate stress tests for banks are coming. What will we find?

GreenBiz

We should thank central banks for improving our understanding of climate change data. But they need to more faster and more forcefully to gather more rigorous and comparable data

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The future of banks: A $20 trillion breakup opportunity

McKinsey Sustainabilty

Banking is radically transforming. Many banks can thrive by fundamentally changing the way that financial services are embedded into daily life. Insights on Financial Services Banking

Banking 134
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Nutrition and the Next World Bank President 

Impakter

Impakter Nutrition and the Next World Bank President A decision by the current World Bank President, David Malpass, not to seek a second term has meant that countries can now put forward candidates for the next Presidency.

Banking 70
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Regions Bank Expanding Sustainable Finance Opportunities

3BL Media

SOURCE: Regions Bank. As part of this trend, banks and other businesses are focusing more on sustainable business practices. For banks, this includes sustainable finance – which refers to the inclusion of ESG criteria in business and investment decisions.

Banking 246
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Mary Lou Schlueter Is a Regions Bank Legend

3BL Media

The longest-serving Regions Bank associate at 57-plus years, Mary Lou Schlueter keeps delighting customers at her branch on Main Street in Mascoutah, Illinois. SOURCE: Regions Bank. To honor Schlueter and the bank’s other frontline heroes, Regions declared Sept.

Banking 245
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Connecticut Green Bank - Connecticut Green Bank expands C-PACE retrofit financing to support electric vehicle (EV) charging infrastructureFinancing improves access for building owners seeking to install EV chargers

Global Renewable News

The Connecticut Green Bank is proud to. EV/Storage

Banking 100
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African banking: The productivity opportunity

McKinsey Sustainabilty

African banks can increase their productivity to enhance competitiveness, build resilience, and deliver new value to customers—even in the face of a tightening global business environment. Insights on Financial Services Banking Africa

Banking 107
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Reshaping retail banks: Enhancing banking for the next digital age

McKinsey Sustainabilty

The current model of universal retail banking is unsustainable over the long term. To thrive, banks need to reinvent themselves, focusing on businesses where they can achieve and extend market leadership in the new digital world.

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As big banks struggle to decarbonize, midmarket leaders prove ‘there can be margin in the mission’

GreenBiz

One strong indicator of a bank’s DNA can be found in the organizations banks have joined. From a climate impact perspective, the Global Alliance for Banking Values sits on the most impactful end of the spectrum

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U.S. Bank Expands Leadership in Environmental Financing With Solar Debt Launch

3BL Media

First deal closes with Longroad Energy; new product will be key to meeting bank’s environmental goals, serving growing customer needs. Bank’s commitment to the environment and supporting its customers. “We Bank has made.”. Bank.”. Bank has made. Bank here.

Banking 246
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How Asian banks are rethinking the payments game

McKinsey Sustainabilty

Specialist players are disrupting payments and challenging banks to find a new playbook. Insights on Financial Services Banking Asia-Pacific

Banking 104
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Banks Renewables - Banks Renewables seeks Armistead wind farm lifetime extension

Global Renewable News

Renewable energy firm Banks Renewables has.

Banking 100
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Connecticut Green Bank - Connecticut Green Bank and partners secure carbon credit capital funding to deploy electric vehicle charging

Global Renewable News

The Connecticut Green Bank and its partners. EV/Storage

Banking 100
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Fifth Third To Present at Bank Director Conference

3BL Media

DESCRIPTION: Fifth Third Bank’s Chief Sustainability Officer Mike Faillo will be presenting at Bank Director’s Bank Audit & Risk Committees Conference this week in Chicago. SOURCE: Fifth Third Bancorp.

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How banks can accelerate net-zero emissions commitments

GreenBiz

On the eve of COP26, large banks have yet so shift fundamentally towards the Paris Agreement

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Are Europe's leading banks flouting net-zero pledges?

GreenBiz

A new analysis reveals Net Zero Banking Alliance members funneled $33 billion towards expanding oil and gas production over the past year, but the banks insist they are working to reduce their exposure to fossil fuels

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American Banker Names U.S. Bank Leaders to 2022 Most Powerful Women in Banking

3BL Media

Bank a Top Team honor. Bank leaders in its 2022 Most Powerful Women in Banking, naming vice chairs Gunjan Kedia and Kate Quinn and senior vice president Vanessa Angeles among 75 individual honorees. Bank National Association.

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KeyBank: Responsible and Inclusive Banking

3BL Media

Providing inclusive banking means we: Provide advice and guidance to our clients. We also introduced a new role, Emerging Markets Segment Product Manager, within the Consumer Bank Product Management team. Learn about KeyBank's commitment to responsible and inclusive banking here.

Banking 130
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The climate is changing. How are central banks responding?

GreenBiz

From the Bank of England to the People’s Bank of China, monetary authorities of the world’s largest economies are gauging how climate change could rock the financial system

Banking 359
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European Investment Bank - Germany: EIB co-finances large offshore wind farm in the North Sea with EnBW

Global Renewable News

Highlights The European Investment Bank.

Banking 100
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Smarter Spending Habits: Regions Bank Provides Free Resources for Better Money Management Amid Inflation

3BL Media

SOURCE: Regions Bank. DESCRIPTION: Regions Bank announced a collection of available resources to help people improve the way they spend, save and manage debt. Regions Bank is an Equal Housing Lender and Member FDIC.

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