Texas Attorney General Ken Paxton has announced that Barclays, with the ticker symbol $BARC, is ineligible to participate in Texas's bond market due to the bank's failure to verify that its Environmental, Social, and Governance (ESG) policies comply with Texas law. The decision came after an investigation by the Texas AG into Barclays' ESG practices. Barclays did not respond to the Texas AG's inquiries about their ESG commitments, leading to the ban on the bank from underwriting municipal bonds in the state.
Texas bans Barclays from local govt debt business over ESG concerns Texas Attorney General Ken Paxton on Friday said Barclays bank would not be permitted to underwrite municipal bonds after failing to respond to questions from state authorities about its pledges to cut…
When companies sneak hidden junk fees into families’ bills, it can take hundreds of dollars a month out of their pockets and make it harder to make ends meet. That's why I support the Biden administration's new proposal that would limit bank overdraft fees to as little as $3! https://t.co/xgPg9NF1ZI
*TEXAS BANS BARCLAYS FROM MUNI MARKET OVER #ESG PROBE* @markets
Texas Bans Barclays From Participating in Bond Market Due to ESG Commitments https://t.co/79LoJcsn0F
Texas bans Barclays from local govt debt business over ESG concerns https://t.co/MOq6bIgzii https://t.co/mTeCOzHOm1
"I’m worried this move might end up hurting some of the very people it’s supposed to help." Limiting overdraft fees could push Americans to pursue riskier options or avoid regulated, low-cost financial products altogether. More 👇 https://t.co/GLfr3DY4Br
⚠️ TEXAS BANS BARCLAYS FROM LOCAL GOVT DEBT BUSINESS OVER ESG CONCERNS (Reuters) Texas Attorney General Ken Paxton on Friday said Barclays bank would not be permitted to underwrite municipal bonds after failing to respond to questions from state authorities about its pledges to… https://t.co/kI7uP10ma4
Texas Attorney General Ken Paxton barred Barclays from working on municipal-bond deals amid a dispute over the lender's ESG commitments https://t.co/KfbCXDtzJV
Barclays is no longer allowed to raise money for TX munis after a Texas AG investigation into $BARC ESG practices When asked, Barclays did not respond to Texas AG about their ESG practices Bro-clays must be livid... https://t.co/FN1Iffp3Fo
Attorney General Ken Paxton Announces Barclays' Ineligibility to Participate in Texas's Bond Market For its Inability to Verify its "ESG" Policies Do Not Violate Texas Law: https://t.co/RVqqeTYZl6
Big Banks use overdraft fees to grow their profits on the backs of hardworking Americans. With a new proposal from the @CFPB, @POTUS is continuing to lower costs by capping overdraft fees and saving consumers over $3.5 billion a year. https://t.co/dMhbx29Rej
⚠️ US CONSUMER WATCHDOG PROPOSES RULE CRACKING DOWN ON NON-SUFFICIENT FUND FEES (Reuters) The federal U.S. consumer finance watchdog on Wednesday proposed a new rule cracking down on fees that banks charge consumers when they do not have sufficient funds to cover a purchase or… https://t.co/XKJls0gRgh