The Rhode Island bank's agreement to purchase power from Ørsted will support the development of a new wind farm in Kansas. Citizens will receive renewable energy credits.
Adrienne Harris, superintendent of the New York State Department of Financial Services, previewed the agency's upcoming climate guidance in an interview with American Banker. Banks "cannot sacrifice" their fair lending and equity obligations "in order to mitigate climate risk," she said.
After naming a new CEO in March, the San Francisco bank has filled the second of two leadership voids created by executive resignations at the start of the year.
Financial terms of the Rhode Island bank’s agreement to acquire Paladin Advisors were not disclosed. Paladin is expected to join a division that grew out of a 2018 deal for Clarfeld Financial Advisors.
The Cincinnati bank was targeted for the second time since 2018 when an armed man took hostages at a branch in suburban Chicago this week. Security experts say traditional robbery training may have to be expanded as active-shooter situations become more common.