New York City’s banking commission voted Thursday to freeze new deposits at Capital One Bank and KeyBank, saying that the banks failed to submit a plan detailing steps they’re taking to “root out discrimination” in their operation. The 3-0 vote by the commission, consisting of New York Mayor Eric Adams, Comptroller Brad Lander, and Commissioner…
Red States Fighting ‘Woke’ Banks That Push Anti-Fossil Fuel Policies
Republican states are fighting efforts by certain banks to push environmental, social, and governance (ESG) standards that promote, among other progressive agenda, anti-fossil fuel policies. Over the past year, at least 15 Republican-led states have proposed policies or laws that would punish banks for taking an anti-fossil fuel stance. State financial officers from Texas, Arkansas, Utah,…
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