With a new presidential administration keen on eliminating reforms that attempt to stall the financial industry’s excesses, watch for new economic risks to emerge in the next few years — including America’s mounting student debt.
Wells Fargo will pay $110 million to settle a class-action lawsuit over its dubious retail banking practices. But the bank’s legal and ethical troubles are far from over.
‘Shadow banking’ refers to nonbank financial services that fall beyond the scope of traditional regulation — everything from hedge funds to fintech services like Quicken Loans. These companies are quickly carving out market share, and some experts say it exposes the U.S. economy to undue risk.
U.S. President Donald Trump’s weekly flights to Florida and Virginia, combined with the dizzying cost of security for the first lady in New York, are prompting questions about why social programs that “average” Americans count on are too expensive for the federal budget.
The Donald Trump administration is considering a move that would severely limit shareholder rights and cut off communication between shareholders and corporate boards. In a letter to the National Economic Council, the CEOs and executive directors of several investment organizations urged the White House to keep current protections in place.
Kraft Heinz plans to vote on three sustainability-related shareholder resolutions at its annual meeting in Pittsburgh next month. And the company is opposed to every one of them.
H&M will join the United Nation’s Better Than Cash Alliance, which aims to scale digital payments for factory workers and lift them out of poverty.
You may have voted against U.S. President Donald Trump, protested his policies, and ranted to your friends. Yet most of us are financing him and his agenda. Ironically, as more people realize this, Trump’s election may go down in history as the tipping point for the mainstreaming of ethical investing.
Studies show that gross domestic product (GDP) has a direct influence on the state of philanthropy in the United States, but are the two inextricably linked?
Investors and insurers with over $2.8 trillion in assets under management are calling on the G-20 countries to phase out fossil fuel subsidies by 2020. They went on to say public finance that supports fossil fuels is a “key concern to the finance sector.”
Insisting that “on-again-off-again regulation is a poor way to protect the environment,” eight veterans of previous Republican administrations met with White House officials to float the idea of a revenue-neutral carbon tax.