The News Of Tomorrow, Today
The News Of Tomorrow, Today
Banks
Cam Wilson
Fossil fuels are increasingly an unattractive investment. On Monday, Politico reported that Morgan Stanley will be the first U.S. bank to begin disclosing how much its fossil fuel loans investments contribute to climate change. This is only the latest in a string of decisions banks have made around the oil…
Banks are finally starting to get it: Fossil fuels ain’t worth it. Just last week, Citigroup joined the wave of banks no longer investing in oil and gas projects in the Arctic. The only major bank in the U.S. that hasn’t committed to this is Bank of America. The economic…
A software chief of a Chinese bank reportedly found a loophole in his company’s system and managed to stealthily withdraw seven million yuan ($1 million) over the course of 14 months. When he was caught, he explained he was testing the system. Huaxia Bank bought it, but the authorities didn’t.
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