Reported about 23 hours ago
Wells Fargo has withdrawn from the Net-Zero Banking Alliance, a group of global banks aimed at reducing greenhouse gas emissions, following a similar move by Goldman Sachs. The exit reflects a trend among financial firms facing political backlash for climate initiatives, as criticism from Republican officials increases. While no specific reason was provided for Wells Fargo's departure, it underscores shifting dynamics within the banking sector concerning climate commitments.
Source: YAHOO