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Amalgamated Bank Helps Launch Net Zero Banking Alliance

Share: Historic alliance will draw on U.S. leadership in climate finance, will be announced in conjunction with the White House Climate Summit Amalgamated Bank today announced that it is a founding member of the Net Zero Banking Alliance, part of the Glasgow Finance Alliance for Net Zero. Amalgamated played a key role in the formation of the Alliance. The Net Zero Banking Alliance will be introduced in conjunction with the Biden Administration s Climate Summit and is designed to utilize the power of the financial sector to meet international goals to reduce carbon emissions in accordance with the Paris Agreement.

Citi, Bank of America join global push to curb emissions

Citi, Bank of America join global push to curb emissions
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

CoreCivic to settle investor lawsuit for $56M

CoreCivic to settle investor lawsuit for $56M
nashvillepost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nashvillepost.com Daily Mail and Mail on Sunday newspapers.

CoreCivic to settle shareholders lawsuit for $56 million

CoreCivic to settle shareholders lawsuit for $56 million by Travis Loller, The Associated Press Posted Apr 19, 2021 12:13 pm EDT Last Updated Apr 19, 2021 at 12:14 pm EDT NASHVILLE CoreCivic says it will pay $56 million to settle a lawsuit by shareholders who accused the private prison operator of inflating its stock prices by misrepresenting the quality and value of its services. The lawsuit was filed in 2016, when CoreCivic’s stock fell after the U.S. Department of Justice directed the Bureau of Prisons to phase out contracts with private operators. The DOJ memorandum said privately run prisons have more safety and security problems than federally run prisons without significant cost savings. The class action was led by Amalgamated Bank, which said it lost $1.2 million when stock prices fell.

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