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These are the world's largest banks that are increasing and decreasing their fossil fuel financing


These are the world s largest banks that are increasing and decreasing their fossil fuel financing
CNBC
1 hr ago
© Provided by CNBC
An oil rig and wind farm in Texas.
But that number is not the full story: Some banks have been increasing their business with fossil fuel companies while others have been decreasing during that time.
What s clear is the power banks wield in affecting climate change.
Getting lenders to choke off money to fossil fuel companies is the next needed move for the industry to address the material risks that the coal, oil and gas industry faces, says Leslie Samuelrich, president at investment advisory firm Green Century Capital Management. ....

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European banks' loan loss provisions set to decline in 2021 after 2020 peak


Blog
Blog
Blog
Blog
12 Apr, 2021
Author
Vanya DamyanovaRehan Ahmad
Loan loss provisions at major European banks should record a moderate decline in 2021 after peaking in the immediate aftermath of the COVID-19 outbreak in 2020, but are not likely to drop below pre-pandemic levels before 2022, credit rating analysts said.
A key factor affecting provision levels as economies recover will be the withdrawal of government and bank support schemes that bridged the short-term liquidity of pandemic-impacted borrowers, according to analysts at S&P Global Ratings, Fitch Ratings and DBRS Morningstar. As the schemes are wound down, credit loss provision levels may fluctuate as banks cope with an increase in bad loans. ....

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