Tag: big banks
Why Wall Street’s rule-breaking is everyone’s problem
This is not just a U.S. problem. Regulators agree to minimum standards for banking rules at an international level because finance is a global business.
Big Banks break their climate promises by propping up Big Meat
Massive industrial livestock financing sabotages major U.S. banks’ climate goals.
Big Banks have funded climate crisis with nearly $7 trillion since...
The financial institutions lavished $705 billion on oil, gas, and coal in 2023—the hottest year on record.
How activists are trying to change the way banking gets done
A public bank would allow the state of New York to keep its money closer to home, and put it to good work.
HSBC plans to close Asian coal plants to curb emissions—while also...
Bank accused of greenwashing ahead of COP26 for backing scheme while being world’s 13th biggest funder of fossil fuels
Arrested in rocking chairs, grandparents protest Chase and pressure Biden on...
Tired from trekking 170 miles from Biden’s birthplace to his hometown, a dozen of us grandparents decided to take a stand for climate justice by sitting down.
Banking that serves people, not bankers
The Post Office could offer simple, honest banking, including checking and savings accounts, consumer loans, and low-fee debit cards.
Big banks pull financing, prepare to seize assets from collapsing oil...
The big banks funded the money-losing fracking industry for the past decade just like they funded the housing crisis — but the reality is, just like in the housing crisis, the coming bailouts will protect the banks.
Wells Fargo agrees to pay $3B over massive fraud scandal
“We are hopeful that this $3 billion penalty, along with the personnel and structural changes at the Bank, will ensure that such conduct will not reoccur.”
Goldman Sachs becomes first major American bank to prohibit Arctic oil...
“Goldman Sachs is right to recognize that destroying the Arctic Refuge would be bad business. We hope other American banks will follow their lead.”
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Iran retaliation revives scrutiny of US military bases across the Gulf
Iranian strikes on Gulf energy sites and renewed threats against American installations are exposing how decades of US military expansion in the Middle East have tied Washington to regional regimes while increasing risks of wider war.
Traders placed massive bets minutes before Trump Iran post raising insider trading concerns
Unusual oil and stock trades worth hundreds of millions of dollars occurred minutes before the president’s social media announcement about Iran peace talks, prompting calls for investigations into possible insider knowledge.
No king but madness reigns
Today I'll survey several factors feeding this unfolding fiasco.
Mo. Senator Eric Schmitt’s asinine SHIELD Act would classify blowing whistles as ‘Obstruction of...
Meanwhile Schmitt ignores blatant obstruction by Bondi’s DOJ.
Multi-million dollar agreement to import giant pandas from China collapses
Reports from advocacy groups like SF Zoo Watch and In Defense of Animals call on Mayor Daniel Lurie to halt new animal acquisitions and transform the 100-acre site from a traditional exhibition-based zoo into a 21st-century ecological park.