The world’s largest banks are better equipped to handle the current crisis than the rest of the sector as a result of regulation and restructuring imposed after the 2008 financial crisis, Moody’s said Thursday.
The U.S. Federal Reserve has corrected stress test results for five of the country’s largest banks after discovering an error in projected trading losses, decreasing the capital requirements for Goldman Sachs and Morgan Stanley as a result.
Seventy global investors controlling more than $16 trillion pitched a novel framework Wednesday that they say should enable asset owners and managers to heed intensifying calls to cut carbon out of their portfolios by 2050.
U.K. lender HSBC on Tuesday launched a new reporting service designed to give institutional investors and their asset managers independent measurements of the environmental, social and governance performance of their large holdings.
A lawsuit lodged by major institutional investors against more than a dozen of the world’s biggest banks -- including Bank of America, JPMorgan Chase and Citigroup -- will proceed, a federal judge ruled Thursday, declining to throw out claims that the banks conspired to rig foreign exchange rates.
HSBC has suspended layoffs and may adjust its planned restructuring scheme due to the coronavirus pandemic, the bank’s chief executive officer said Friday.