JPMorgan becomes latest U.S. lender to quit Net-Zero Banking Alliance
Climate Change,ESG,Banking And Finance,Wells Fargo,JP Morgan Chase,Goldman Sachs
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LONDON, Jan 7 (Reuters) - JPMorgan (JPM.N), opens new tab said on Tuesday it was leaving the Net-Zero Banking Alliance, the latest U.S. lender to quit the sector's biggest climate coalition amid rising U.S. political pressure.
The move means the six biggest banks in the world's largest economy - Goldman Sachs (GS.N), opens new tab, Wells Fargo (WFC.N), opens new tab, Citi (C.N), opens new tab, Bank of America (BAC.N), opens new tab, Morgan Stanley (MS.N), opens new tab and now JPMorgan - have all left the group in the space of a month.
Reuters
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