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Bank regulators have growing interest in climate-change risks

The New York attorney general’s office dropped its claim that Exxon Mobil Corp. about how it accounts for the financial risks of climate change, significantly diminishing the state’s case in the... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkNov 8th, 2019

Warning of ‘green swan’ risks, climate group Ceres and bipartisan supporters lay out 50-step plan for markets and regulators

A new report outlines how and why U.S. financial regulators, who are responsible for protecting the stability and competitiveness of the U.S. economy, need to recognize and act on climate change as a systemic risk.....»»

Category: topSource: marketwatchJun 1st, 2020

Global growth at decade low: OECD

The global economy is growing at the slowest pace since the financial crisis, the OECD said on Thursday, with climate change and government inertia among the major risks, it said. David Pollard reports......»»

Category: videoSource: reutersNov 21st, 2019

Climate change could end mortgages as we know them

The traditional 30-year home loan — along with city and state budgets — face a grave threat from growing climate risks.....»»

Category: topSource: moneycentralNov 8th, 2019

Climate change could end mortgages as we know them

The traditional 30-year home loan — along with city and state budgets — face a grave threat from growing climate risks.....»»

Category: topSource: moneycentralNov 8th, 2019

Fed"s Brainard says risks bolster argument for lower-than-expected rates

Policymakers have to shift down their future interest rate expectations because of growing risks to the U.S. economy, a Federal Reserve official said on Friday in remarks that reinforce expectations that the central bank could cut rates soon......»»

Category: topSource: reutersJun 21st, 2019

Powell: Fed not in "any hurry" to change rates amid global risks - tv

Federal Reserve Chairman Jerome Powell said on Sunday the U.S. central bank does "not feel any hurry" to change the level of interest rates again as it watches how a slowing global economy affects local conditions in the United States......»»

Category: topSource: reutersMar 10th, 2019

More Fed officials say caution is needed before more rate hikes

Another clutch of U.S. Federal Reserve officials said on Wednesday they would be cautious about any further increases in interest rates so that the central bank could assess growing risks to an otherwise solid U.S. economic outlook......»»

Category: topSource: reutersJan 9th, 2019

Norway wealth fund backs Barclays climate goals amid investor pressure

Norway's sovereign wealth fund will vote in favour of a resolution committing Barclays to tackling climate change at the bank's annual general meeting on May 7, instead of a separate shareholder one, the fund said on Friday......»»

Category: topSource: reutersMay 1st, 2020

Are Bank Stock Investors Ready for Lower Dividends and Lower Book Values?

Everything was looking perfect for the banks at the start of 2020. Interest rates were expected to remain stable for the year, business was booming and regulators seemed to be easing up. Then the........»»

Category: blogSource: 247wallstApr 1st, 2020

Future of Food: The "dead meat" industry

The world’s meat industry must adapt to the challenges posed by climate change and growing demand for plant-based alternatives or face "ruin," according to a group of investors managing $20 trillion in assets......»»

Category: videoSource: reutersMar 24th, 2020

Sustainable Business: $1 trillion climate risk

The world’s financial services sector risks losses of up to $1 trillion if it fails to respond quickly to climate change and is hit by policy shifts such as the introduction of a carbon tax, a new report shows......»»

Category: videoSource: reutersMar 23rd, 2020

Market Extra: All eyes on Lagarde, as ECB meets following emergency interest rate cuts by Fed, Bank of England

The European Central Bank may be running low on firepower, but market volatility and falling inflation expectations tied to the COVID-19 outbreak provides growing pressure to act more aggressively than previously expected, analysts say......»»

Category: topSource: marketwatchMar 12th, 2020

Banks must step up climate risk disclosures, Lagarde says

Banks must improve transparency on their exposure to climate- change risk and central banks need to pay closer attention as the entire financial sector is at risk, European Central Bank President Christine Lagarde said on Thursday......»»

Category: topSource: reutersFeb 27th, 2020

Fed policymakers cautiously optimistic on U.S. economy despite new risks, minutes show

Federal Reserve policymakers were cautiously optimistic about their ability to hold interest rates steady this year, minutes of the central bank's last policy meeting showed, even as they acknowledged new risks caused by the coronavirus outbreak......»»

Category: topSource: reutersFeb 19th, 2020

Key Words: SEC risks silencing the climate-minded investors it’s meant to protect: Ceres

A rule change that is currently being proposed by the Securities and Exchange Commission has a fatal flaw that relates to global warming, according to sustainability organization Ceres......»»

Category: topSource: marketwatchFeb 10th, 2020

Russian ruble falls as central bank cuts key rate by 25 basis points to 6%

The Russian ruble weakened across major currencies on Friday after the country's central bank dropped interest rates 25 basis points to 6%. "Risks of a substantial global economic slowdown persist. Disinflationary risks still exceed pro-inflat.....»»

Category: topSource: marketwatchFeb 7th, 2020

The Fed: Fed holds benchmark interest rate steady, sees economy growing at moderate pace

The Federal Reserve on Wednesday held its benchmark fed funds interest rate steady, seeing the economy growing at moderate pace. The Fed raises interest rate on excess bank reserves keep fed funds rate under control......»»

Category: topSource: marketwatchJan 29th, 2020

Breakingviews TV: Zurich’s boss

This is a “discovery year” for many corporate executives confronting climate change at Davos, Zurich boss Mario Greco tells Rob Cox. But for insurers like his, ecological risks have necessarily been front and center for years......»»

Category: videoSource: reutersJan 23rd, 2020

Elizabeth Warren has a new demand of big banks: Reveal plans for addressing climate risk

Sen. Elizabeth Warren, citing concerns for home values and more, has called on big banks to disclose their plans to recognize and offset climate-change risks......»»

Category: topSource: marketwatchJan 22nd, 2020

Predictions 2020: Greening the financial system

How can companies and financial institutions manage the risks of climate change, while making the worst outcomes less likely? Here are highlights of a wide-ranging discussion moderated by Breakingviews EMEA Editor Peter Thal Larsen......»»

Category: videoSource: reutersJan 21st, 2020