Page 22 - Greg Baer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Banks weren't involved in the trading frenzy, but some observers say the regulatory response should address risks to all financial institutions.

POLITICO As banks retreat from fossil fuels, a Trump regulator says 'stop' The rule directing banks not to deny loans to entire industries such as fossil fuels was finalized at lightning speed as the Trump administration winds down. The rule from the Trump administration says banks cannot deny loans to entire industries such as oil and gas. | Spencer Platt/Getty Images Link Copied The Trump administration on Thursday said big banks can't deny loans to entire industries including fossil fuel companies and private prisons, ignoring criticism from lenders, investors, consumer groups, Democrats a...

January 19, 2021 In its final days, the Trump administration is seeking to disrupt the way progressive activists increasingly impose their will on big business: through banks controlling the loan lifelines to the economy. A regulation just finalized (update) aims to prevent lenders from blackballing businesses in industries opposed by the left by requiring banks to demonstrate that their loan decisions are “based on quantitative, impartial risk-based standards,” rather than political or reputational concerns. The proposed Fair Access to Financial Services Rule (FAFSR) is a response to s...

Delta Lost More Than $12 Billion Last Year Last Updated This briefing has ended. Follow our latest coverage of Empty Delta ticket counters at Salt Lake City International Airport in April. The airline reported a loss of nearly $12.4 billion for 2020.Credit...Rick Bowmer/Associated Press Delta Air Lines lost $755 million in the fourth quarter, bringing its losses to nearly $12.4 billion in 2020, a year in which the airline industry was battered by a pandemic that crippled air travel. “Our December quarter results capped the toughest year in Delta’s history,” Ed Bastian, Delta’s chief...

Days before the end of the current Administration, a U.S. banking industry regulator finalized a rule under which large American banks cannot deny lending money to oil and gas companies