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Rather than simply considering whether a prospective borrower's business contributes to climate change, banks are slowly turning their attention to making sure borrowers in a variety of industries account for how climate change could affect them.
August 18 -
For William Thomas, sustainability is a constantly evolving mission. The early targets energy, waste, paper and employee involvement such as reduced air travel have mostly been achieved. Some of the bank's steps will require a different approach.
August 19 -
The philanthropic arm of Wells Fargo is working with the Department of Energy's National Renewable Energy Laboratory on an incubator that grooms early-stage clean technology startups and validates their products.
August 18 -
It's not glamorous, but a tool that measures the bank's energy use has helped it reduce consumption by 17% over the past five years.
August 20
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The niche buy now/pay later firm is looking for differentiation in a crowded market with recognizable brands like Klarna, Affirm and Afterpay.
5h ago -
The 2.0 version, expected to launch next year, will provide more detailed responses based on more complex, humanlike thought processes.
November 21 -
The breach, which occurred earlier in November, did not directly impact customer operations, but a threat actor stole data meant for customers.
November 21 -
The North Carolina-based bank rolled out a multiyear program to provide loans, investments and philanthropic support to communities in the western part of the state.
November 21 -
Consumer Financial Protection Bureau Director Rohit Chopra said the FICO credit-scoring model has drawbacks in price, predictiveness and market competition, and stakeholders should develop a more open-sourced model that uses artificial intelligence.
November 21 -
Analysts say lenders' shares could rally on deregulation, lighter tax burdens and a resurgence of M&A. Declining interest rates and lower loan losses could further bolster bottom lines and attract investor interest.
November 21