Some 60 of the world’s largest commercial and investment banks have in total put $3.8 trillion into fossil fuels from 2016 to 2020, the five years after the voluntary Paris Agreement was signed.
The Federal Reserve said temporary limits on dividend payments and share buybacks will end for most banks after June 30, following the completion of annual stress tests to determine their resilience to a hypothetical downturn.
Now that Democrats’ $1.9 trillion COVID-19 relief bill has been signed into law, the wait is on for the launch of the huge package’s new aid program for restaurants.
U.S. stocks end higher on Thursday, after a frenetic session of trading that saw the benchmark indexes dig out of deep hole earlier in the day as investors weighed improving economic data with the country emerging from the COVID pandemic.