Banks worth $47 trillion adopt new U.N.-backed climate principles
Banks with more than $47 trillion in assets, or a third of the global industry, adopted new U.N.-backed "responsible banking" principles to fight climate change on Sunday that would shift their loan books away from fossil fuels......»»
Investor group calls for banks to set tougher climate targets
A group of investors managing $11 trillion in assets has called on banks to set tougher emissions targets ahead of a meeting of world leaders aimed at accelerating efforts to fight climate change......»»
Bond yields jump as Biden backs $2T coronavirus stimulus
Longer-dated U.S. Treasury yields rallied Thursday morning after reports said President-elect Joe Biden has backed a COVID-19 relief package worth up to $2 trillion......»»
Microsoft, Visa and others worth combined $11.5 trillion want Congress to include climate in COVID-19 recovery plan
CEOs and representatives from more than 330 bu.....»»
JPMorgan sees a $1.2 trillion reason to nix a U.S. yield rebound
Banks likely hold the equivalent of $1.2 trillion worth of short positions in 10-year Treasuries, suggesting any rebound in yields could be capped if they cover their bets, according to JPMorgan Chase & Co......»»
Exclusive: Big four auditors face investor calls for tougher climate scrutiny
European investors managing assets worth more than 1 trillion pounds ($1.28 trillion) are pressing top auditors to take urgent action on climate-related risks, warning that failure to do so could do more damage than the financial crisis......»»
Countries That Control the World’s Gold
Central banks and finance ministries currently hold more than 33,000 tons of gold worth about $1.4 trillion, at today’s prices. These authorities are among the world’s largest holders of gold. While........»»
Chinese state-owned automaker FAW Group gets $144 billion credit line
China's state-owned automaker FAW Group said it signed a deal with 16 banks for a credit line worth over 1 trillion yuan ($144 billion), but did not give specific reasons as to why it wanted to secure access to such a large amount of funding......»»
One trillion yuan: China state carmaker FAW gains huge credit line
China's state-owned automaker FAW Group said it signed a deal with 16 banks for a credit line worth more than 1 trillion yuan ($144 billion), an eye-catching amount analysts said was mostly symbolic, albeit an important signal of government support......»»
The Wall Street Journal: Major banks suspected of collusion in EU bond rigging probe
The European Commission suspects Deutsche Bank AG, Credit Suisse Group AG and two other global banks of colluding to manipulate a multi-trillion-dollar government-backed bond market, escalating a long running probe......»»
14.8 Trillion Shiba Inu Tokens Liquidated In Just 24 Hours Amid Market Downturn
Amid a bearish downturn affecting the crypto market on Friday, Shiba Inu (CRYPTO: SHIB) has experienced a significant liquidation event, with $3.63 million worth of SHIB, or approximately 14.8 trillion tokens, read more.....»»
Wyden hails Portland park as "Green New Deal resolution in action"
The Green New Deal resolution refers to a plan backed by other politicians, including Rep. Alexandria Ocasio-Cortez, aimed at combating climate change and other social crises......»»
Here’s How to Tell the Difference Between Bitcoin and Ethereum
Yes, Dogecoin, the cryptocurrency that started as a joke and is now worth $90 billion, merits attention. But for those just beginning to take the field seriously, the two big names in the $2.2 trillion cryptocurrency market remain Bitcoin and E.....»»
Refinitiv | All-Time YTD Record: Worldwide M&A Reaches $1.77 Trillion Driven by US, Tech, Spac, Mega & PE-Backed Deals – April 2021
Download Refinitiv Deals Intelligence April 2021 Global M&A Review Lucille Jones, Deals Intelligence Analyst, Refinitiv comments: “Deals totalling US$469 billion were announced globally during........»»
Most banks miss climate market risk; plus the dangerous dilution of ESG
By David Callaway, Callaway Climate Insights When it comes to climate change risk, the majority of banks and asset managers are still flying blind, despite the rash of global warming pledges in the........»»
: Big investors ask banks to get serious on climate change
Bankers’ pay should include an element indexed on attaining the net-zero emissions targets, said the major global investors......»»
Biden just released a $1.5 trillion "skinny budget" separate from his stimulus and infrastructure plans. It breaks down how he wants to govern.
Biden's budget plan shows an intention to ramp up spending on education, health, and climate initiatives - programs that Trump tried .....»»
: Why, to one strategist, bitcoin’s worth $120,000
One strategist's argument is that bitcoin will rise as it becomes a bigger share of what he calls the $15 trillion anti-fiat market, which right now is dominated by gold......»»
Progressives Push Biden Towards $10 Trillion "Green Infrastructure, Climate Justice" Bill
Progressives Push Biden Towards $10 Trillion 'Green Infrastructure, Climate Justice' Bill President Biden is feeling pressure from progressive Democrats to dramatically increase the size of the next economic stimulus - after they intro.....»»
Big banks win dismissal of US Treasury rigging litigation
A U.S. judge on Wednesday dismissed litigation accusing 10 large banks of conspiring to suppress competition in the now $21.2 trillion market for U.S. Treasury securities......»»