In the climate scenario exercise, the nation’s six biggest banks found data gaps in real estate exposure, insurance, debtors’ transition risk management and infrastructure, the Fed said.
The Federal Reserve Board and six large American banks released the results of a pilot climate scenario analysis that ...
The Federal Reserve Thursday released a report on its climate scenario analysis pilot assessing the impact of climate change ...
Barry Sternlicht, the billionaire boss of Starwood Capital, is sounding the alarm. He's predicting a U.S. bank could go under ...
According to a climate scenario analysis by the Federal Reserve, American banks are set to experience challenges in ...
The Federal Reserve has released a statement detailing that some of the largest American banks participated in a new exercise ...
The Federal Reserve disclosed results from an assessment of how big US banks would be impacted by climate change, an exercise ...
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Six US banking giants reported having "significant" challenges when estimating the financial risks from climate change because of a lack of good data, the Federal Reserve said Thursday.
WASHINGTON — How far the Federal Reserve can go to compel banks to ... said last fall that the Fed is considering conducting “climate scenario analysis,” which would involve modeling the ...
Citi disclosed it is on pace to reach its 2030 sustainable finance goals, but Reuters also found a draft indicating the losses the bank would incur if the world goes net zero.
Assuming the weakness sticks, it looks like a Goldilocks scenario for the Federal Reserve, which should now have more cover ... expenses as markets started to price in a more favorable rate climate.