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Finance GreenWatch » 1. BANK

Japan banks help modernize Myanmar(Nikkei)

Japan banks help modernize Myanmar(Nikkei)

TOKYO — Myanmar has opened its banking sector to foreign players. Japan’s Bank of Tokyo-Mitsubishi UFJ and Sumitomo Mitsui Banking were among the first to launch branches in the Southeast Asian nation earlier in April. … Read entire article »

Filed under: 1. BANK, 7.China & Asia

Japan denies plan to join China-led development bank(Japan Today)

Japan denies plan to join China-led development bank(Japan Today)

TOKYO —Japan on Tuesday ruled out any immediate plan to join the Beijing-backed Asian Infrastructure Investment Bank (AIIB), categorically denying a news report that its ambassador to China said Tokyo is likely to take part. … Read entire article »

Filed under: 1. BANK, 7.China & Asia

Inaugural ADB Green Bond to Drive More Funds to Climate Change Projects(ADB)

Inaugural ADB Green Bond to Drive More Funds to Climate Change Projects(ADB)

MANILA, PHILIPPINES  — The Asian Development Bank (ADB) has raised $500 million from an inaugural green bond issue, aimed at channeling more investor funds to ADB projects that promote low-carbon and climate-resilient economic growth and development in developing Asia.  … Read entire article »

Filed under: 1. BANK, 5.Climate Change & Carbon

First Santander and now ABN Amro refuse to renew loans to APRIL (BankTrack)

First Santander and now ABN Amro refuse to renew loans to APRIL (BankTrack)

ABN AMRO will not provide APRIL with new loans until the Indonesian pulp and paper company stops clearing rainforests and can prove that it is operating in a sustainable way. … Read entire article »

Filed under: 1. BANK, 6CSR, 7.China & Asia

“Youthful energy and stamina are on the side of the fossil fuel divestment campaign” – banks’ coal money speaks loudly, but we can be louder!(BankTrack)

“Youthful energy and stamina are on the side of the fossil fuel divestment campaign” – banks’ coal money speaks loudly, but we can be louder!(BankTrack)

By Yann Louvel and Greig Aitken, BankTrack, 13 February 2015. Global Divestment Day kicks off today, and is set to feature over 400 actions across six continents on Friday and Saturday. … Read entire article »

Filed under: 1. BANK, 4. Asset management & Pension, 5.Climate Change & Carbon

FSA to allow bank-IT firm alliances(Japan News)

FSA to allow bank-IT firm alliances(Japan News)

The Financial Services Agency will allow banks to do business with online shopping firms and companies that manage electronic money, through IT-related subsidiaries, according to sources. … Read entire article »

Filed under: 1. BANK