Morgan Stanley joins Goldman Sachs, Citi

Morgan Stanley joins Goldman Sachs, Citi in exodus from UN-backed climate alliance
Citigroup and Bank of America said they were leaving the group earlier this week, and Goldman Sachs and Wells Fargo made the same announcement in December.
S&P 500 forecast: UBS, Citi, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley
The S&P 500 index performed well in 2024, jumping by double digits for the second consecutive year. It surged and reached an all-time high of $6,097 as technology companies surged and the number of $1 trillion companies rose to 10.
Morgan Stanley is latest to leave climate-banking group
Bank of America, Citigroup, Wells Fargo and Goldman Sachs have also withdrawn from the Net-Zero Banking Alliance in the past month, as President-elect Donald Trump prepares to take office.
Morgan Stanley to exit global climate coalition
Morgan Stanley on Thursday announced its departure from a coalition of banks that aims to target net-zero emissions through lending and investment, the fifth group to do so in recent weeks.
Why Morgan Stanley, Citi and other banks are exiting climate alliance
Goldman Sachs (GS), and Wells Fargo (WFC) are among the major banks that left the Net Zero Banking Alliance (NZBA). Yahoo Finance's Banking Reporter David Hollerith joins Asking for a Trend with Josh Lipton to break down what it means for the banking sector heading into a second Trump administration.
Morgan Stanley to leave sector climate coalition
Investment bank Morgan Stanley said on Thursday it had decided to leave the Net-Zero Banking Alliance, becoming the latest U.S. lender to quit the sector's top global climate coalition.
Morgan Stanley Follows Citi, BofA in Quitting Climate Group
Morgan Stanley terminated its membership of a major climate-banking group, joining a wave of Wall Street firms that recently quit a global alliance intended to aid the reduction of greenhouse-gas emissions.
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This should surprise no one. And it shows the practical considerations that have always undergirded these sorts of moves.
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