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🤦🏿‍♂️ Banks' efforts to curb money laundering fail abysmally, says criminologist
#finance

Banks' efforts to curb money laundering fail abysmally, says criminologist
Two summers ago, Alida, a retiree from Western Maryland, was buying groceries when her card was declined. On the phone, a bank official explained that $10,000 had suspiciously been deposited into her account under her name, and that it was being closed as a result, she recalled.

"Report links world’s top banks to social & environmental harms from mining"
#Banks #Finance #Environment

Report links world’s top banks to social & environmental harms from mining
A new Forests and Finance Coalition report finds top financial institutions, including JPMorgan Chase, Bank of America and BlackRock, support mining companies linked to deforestation, land-grabs, contamination and Indigenous rights violations. According to the report, from 2016-24, major banks provided $493 billion in loans and underwriting to mining companies, including Glencore, Rio Tinto and Vale. […]

"Mansion House: Chancellor Rachel Reeves axes plans for UK Green Taxonomy"
#UK #UnitedKingdom #Finance #Money

⏰ London Stock Exchange considers 24-hour trading to stimulate market
https://www.theguardian.com/business/2025/jul/21/london-stock-exchange-24-hour-trading-boost-market

"UBS quits Net Zero Banking Alliance amid broader ESG pullback"
#Banks #Finance #Money #NetZero

"NatWest sets £200bn climate and transition finance goal for 2030"
#NatWest #Finance #Banks #Climate

"New Lloyd’s boss signals shift on insuring fossil fuels"
#Lloys #Finance #Climate #ClimateChange

"Barclays becomes latest firm to exit Net-Zero Banking Alliance"
#Barclays #Finance #Money #NetZero