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Have Banks Become Climate Advocates? Interpreting Shareholder Votes And Lending Policies Regarding The Fossil Fuel Sector

1 month ago   |   By Forbes

Financial sector is supporting shareholder resolutions and denying funds to select fossil fuel projects. Even these modest steps are criticized by fossil fuel supporters. It remains to be seen what financial sector does next: continue its symbolic steps or deploy its full financial muscle.
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BANK OF AMERICA: Funds are falling out of love with financial stocks at a blinding pace

BANK OF AMERICA: Funds are falling out of love with financial stocks at a blinding pace

1 month ago   |   By Business Insider

Large-cap long-only funds are the most underweight in financial stocks in nearly a decade as firms trade profits for loan-loss protections, Bank of America said Friday.
Hedge funds made similar retreats, reaching record-low positioning in the sector last month and only barely ticking higher through May.
Fund concentration in major tech names continued to swell, the firm said. Long-only funds notched another record-overweight positioning in the communication services sector in May.
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Funds were running from financial stocks before the...
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Ford isn't just bringing back the legendary Bronco - it's making it into a...

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Phoenix mayor says the federal government is 'declaring victory while we're...

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I flew on the 4 biggest US airlines during the pandemic to see which is...

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The list of the 30 'most American' cars of 2020 includes all 3 Tesla models...

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