💨 Abstract

JPMorgan has exited the Net-Zero Banking Alliance, joining five other major U.S. banks in leaving the climate coalition amidst increasing U.S. political pressure. The bank did not provide a clear reason for its departure, but the move follows months of pressure from certain Republican politicians who claimed membership in such groups could violate antitrust rules.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖