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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The real evil empire may surprise you
Serving in (or thinking about) the U.S. military for 40 years.
One in ten Americans lives in a sinking city, new study finds
Groundbreaking research from Columbia University reveals that land beneath America’s largest cities is sinking—mostly due to groundwater extraction—posing a hidden but growing threat to infrastructure, flood safety, and climate resilience.
Texas voters reject far right school boards in sweeping backlash to book bans
Dozens of candidates who backed book censorship policies lost their seats in school board elections across Texas, signaling public fatigue with partisan attacks on students, educators, and libraries.
GOP advances sweeping plan to fast-track drilling, mining, and logging on public lands
A new Republican bill would open millions of acres of protected land to fossil fuel and timber companies while gutting environmental review processes, in a bid to help fund massive tax cuts.
Millions would lose Medicaid under GOP cuts, says new CBO report
A nonpartisan analysis shows Republican efforts to slash Medicaid by $880 billion would strip healthcare from millions of low-income Americans in order to fund tax cuts for the wealthy.