Morgan Stanley said it’s more than two-thirds of the way toward achieving its target to finance $1 trillion of low-carbon and sustainability investments by the end of the decade. The Wall Street firm said in an ESG report this week that it has allocated $700 billion of financing, with more than $550 billion of...
For all of the Republican Party’s furious opposition to ESG, its efforts to accomplish something on the legislative front have fallen short. At least that’s the view of Cowen Inc. analyst John Miller, who closely tracks regulatory affairs for the firm’s Washington Research Group. House Republicans held a series of hearings last month, which Miller monitored....
European stocks were muted on Tuesday as traders geared up for earnings from some of the world’s biggest corporations and key central bank rate decisions this week. The Stoxx Europe 600 index was little changed at the open. Basic resources shares surged, with miners Anglo American and Rio Tinto gaining...
UBS Group will pay a total of about $387 million in fines related to misconduct by Credit Suisse Group in its dealings with Archegos Capital Management. In a consent order with the Federal Reserve, UBS agreed to pay $268.5 million for “unsafe and unsound counterparty credit-risk management practices” at Credit...