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Pete Schroeder

FILE PHOTO: The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger/File Photo
ClimateFinanceNewsPolitics

Federal Reserve withdraws from global regulatory climate change group

The Federal Reserve exits global climate risk group NGFS, citing its scope as beyond the Fed's statutory mandate.

FILE PHOTO: A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015.   REUTERS/Mike Segar/File Photo
BusinessFinanceNews

Citigroup sees loan book hit in climate action ramp-up, document shows

Citigroup climate risks document prepared for Federal Reserve shows potential for $7bn losses if the energy transition is on track for net zero...

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