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World’s largest banks pledged $869bn to fossil fuel firms in 2024, new report finds
In 2024, leading global financial institutions substantially raised their monetary support to companies in the coal, oil, and gas sectors, increasing total investments by over $160...
Read Full Article →Letting banks loose is back on the agenda as UK politicians chase growth at any cost
UK policymakers increasingly prioritize expanding financial sector freedoms to stimulate economic growth, hoping that a more active banking industry will boost overall wealth despi...
Read Full Article →EU calls for lower price cap on Russian oil in move to tighten sanctions
Reducing the allowable sale price of Russian oil is intended to limit revenue streams to Russia, potentially weakening its financial capacity while reinforcing broader sanctions in...
Read Full Article →China bans banks from luring customers with popular Labubu dolls
China’s latest regulatory measures restricting promotional offers by banks aim to curb risky marketing tactics as financial institutions face shrinking profit margins due to decrea...
Read Full Article →About £1bn in car loan compensation at risk because data deleted, lawyers warn
Lawyers caution that routine data deletion by lenders could jeopardize compensation claims worth around £1 billion for consumers affected by previously inflated car loan costs.
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