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“Financial institution of America CEO says new ESG guidelines are wanted to reboot capitalism” #WEF – Funding Watch

by Real Invest Center
January 20, 2023
in Invest
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3.30% Progress In Jobs Added On YoY Foundation As Fed Gradual Walks Shrinking Stability Sheet (Destructive REAL Hourly Earnings Progress Not One thing To Brag About) – Funding Watch

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  • Financial institution of America Chief Government Brian Moynihan informed the World Financial Discussion board in Davos that official world requirements on sustainability and local weather have been wanted to “align capitalism with what society needs from it.”
  • Moynihan helps the work of a brand new Worldwide Sustainability Requirements Board.
  • “An funding supervisor, a shopper, society, others can sit there and say, right here’s a line that’s acceptable and also you’re both above it or beneath it,” Moynihan mentioned.
  • “When you’re beneath it we shouldn’t do enterprise with you.”

www.cnbc.com/2023/01/18/bank-of-america-ceo-says-capitalism-needs-cleaning-up-with-new-global-esg-rules.html

 



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