Reported about 20 hours ago
Texas Attorney General Ken Paxton has decided not to proceed with plans to restrict major US banks' participation in municipal bond deals following their exit from the Net-Zero Banking Alliance. This ruling comes after several prominent banks, including JPMorgan Chase, Bank of America, Morgan Stanley, and Wells Fargo, withdrew from the climate-focused alliance criticized by Paxton for undermining the oil and gas sector. His office will close its reviews of these banks, which are key players in Texas's municipal bond market.
Source: YAHOO