Sun.May 12, 2024

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Banks have given almost $7tn to fossil fuel firms since Paris deal, report reveals

TheGuardian

Among world’s top 60 banks those in US are biggest fossil fuel financiers, while Barclays leads way in Europe The world’s big banks have handed nearly $7tn (£5.6tn) in funding to the fossil fuel industry since the Paris agreement to limit carbon emissions, according to research. In 2016, after talks in Paris, 196 countries signed an agreement to limit global heating as a result of carbon emissions to at most 2C above preindustrial levels, with an ideal limit of 1.5C to prevent the worst impacts

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FirstBank hired hackers to breach its systems. It took them three years.

American Banker

The bank's chief information security officer shared why it took so long for the hackers to get in, what worked during the exercise and what didn't.

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Despite Ruling Against the CFPB, Banks Must Prepare Alternatives to Card Late Fees

The Financial Brand

This article Despite Ruling Against the CFPB, Banks Must Prepare Alternatives to Card Late Fees appeared first on The Financial Brand. After a federal district court pushes pause on CFPB's late fee rule, issuers have breathing room to find alternative revenue sources. This article Despite Ruling Against the CFPB, Banks Must Prepare Alternatives to Card Late Fees appeared first on The Financial Brand.

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