company:citigroup inc

Banks Lending $100 Billion to Shipping Get Strict on Climate - Bloomberg
▻https://www.bloomberg.com/news/articles/2019-06-17/shipping-banks-with-100-billion-in-loans-get-strict-on-climate

• Lenders agree principles to limit funding for dirty ships
• Emission targets in industry seen tightening in 2023

A group of financiers with $100 billion of loans to shipowners are about to get stricter on the kinds of vessels they’ll finance as part of a drive to improve the maritime industry’s environmental performance.

Eleven major financiers including Citigroup Inc. and Societe Generale SA are for the first time adopting a set of principles requiring them to maintain their lending books in a way that matches goals in the Paris climate agreement, as well as related targets adopted by global regulator the United Nations’ International Maritime Organization.

It means banks will favor financing of cleaner vessels while shying away from those carriers that are more polluting. The shift will potentially help to tighten a well-supplied freight market that’s depressed rates, said Michael Parker, global head of shipping & logistics at Citigroup.

Fed Handed Out $1.2 Trillion in Secret Loans Amid Crisis - YouTube
►http://www.youtube.com/watch?v=CWrphXxKe4Q&feature=player_embedded

Aug. 22, 2011 (Bloomberg) — The Federal Reserve’s unprecedented effort to keep the economy from plunging into depression included lending banks and other companies as much as $1.2 trillion of public money. The largest borrower, Morgan Stanley, got as much as $107.3 billion, while Citigroup Inc. took $99.5 billion and Bank of America Corp. $91.4 billion, according to a Bloomberg News compilation of data obtained through Freedom of Information Act requests, months of litigation and an act of Congress. Erik Schatzker and Sara Eisen report on Bloomberg Television’s “InsideTrack.”

Wall Street Aristocracy Got $1.2 Trillion in Fed’s Secret Loans - Bloomberg
►http://www.bloomberg.com/news/2011-08-21/wall-street-aristocracy-got-1-2-trillion-in-fed-s-secret-loans.html

Citigroup Inc. (C) and Bank of America Corp. (BAC) were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits.

By 2008, the housing market’s collapse forced those companies to take more than six times as much, $669 billion, in emergency loans from the U.S. Federal Reserve. The loans dwarfed the $160 billion in public bailouts the top 10 got from the U.S. Treasury, yet until now the full amounts have remained secret.

Fed Chairman Ben S. Bernanke’s unprecedented effort to keep the economy from plunging into depression included lending banks and other companies as much as $1.2 trillion of public money, about the same amount U.S. homeowners currently owe on 6.5 million delinquent and foreclosed mortgages. The largest borrower, Morgan Stanley (MS), got as much as $107.3 billion, while Citigroup took $99.5 billion and Bank of America $91.4 billion, according to a Bloomberg News compilation of data obtained through Freedom of Information Act requests, months of litigation and an act of Congress.

15 % de la population ( soit 46 millions d’individus) survit avec des bons alimentaires et pendant ce temps il y en a qui jouent au monopoly, sans honte ni scrupules au détriment de l’ensemble de la collectivité...

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#USA #capitalisme