Tag: Bank of America Corporation

Walter Massey, a Physicist With a Higher Calling

The day before Walter Massey turned 30, in 1968, the Rev. Dr. Martin Luther King Jr. was fatally shot on a hotel balcony in Memphis. Dr. Massey, then a physicist at Argonne National Laboratory, watched the funeral on television, in tears, from his apartment in Chicago. Outside, the west side of the city was burning. […]

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More Wall Street Firms Are Flip-Flopping on Climate. Here’s Why.

Many of the world’s biggest financial firms spent the past several years burnishing their environmental images by pledging to use their financial muscle to fight climate change. Now, Wall Street has flip-flopped. In recent days, giants of the financial world including JPMorgan, State Street and Pimco all pulled out of a group called Climate Action […]

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Bank of America Reverses Its Pledge Not to Finance Fossil Fuels

Two years ago, Bank of America won kudos from climate activists for saying it would no longer finance new coal mines, coal-burning power plants or Arctic drilling projects because of the toll they take on the environment. The bank’s latest environment and social-risk policy reneged on those commitments. The policy, updated in December, says that […]

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Banks Should Have Better Customer Relations When Closing an Account

For most of the last year, my inbox has been overflowing with tales from people like these: Every person — more than 1,000 wrote to me and my colleague Tara Siegel Bernard — volunteered a story of losing banking and credit-card accounts and included contact information. It’s not the sort of thing most people normally […]

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Wall Street strategists’ bull and bear scenarios for 2024.

Last November and December, veteran stock market watchers forecast that 2023 would be a year to forget. They saw high inflation, a looming global recession and rising interest rates as sapping households’ buying power and denting corporate profits. For investors, they penciled in paltry gains and one of the worst performances for the S&P 500 […]

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