CRA credit for fighting climate change: One Fed bank's suggestion
As policymakers mull ways to update the 42-year-old Community Reinvestment Act, economists at the San Francisco Fed have put forth a novel proposal. ... Read full article
News Topic: Climate Chang
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Deutsche mulling ‘radical’ job cuts; Central bank digital currency efforts
The bank is considering eliminating as many as 20,000 jobs; BIS doesn’t want central banks to fall behind private cybercurrency efforts. ... Read full article
Facebook details digital currency plans; CRA credit for disaster prep loans?
The company will create a regulated subsidiary offering a digital wallet; San Francisco Fed wants CRA credit for loans that help prepare for climate change. ... Read full article
Goldman plans revamp; Banks deal with climate change
The bank is looking to combine several units that invest in income-producing assets; increased scrutiny has led banks to address the risks of climate change. ... Read full article