LONDON (Reuters) -Barclays has become the latest British lender to quit the Net Zero Banking Alliance, following the departures of HSBC and several major U.S. banks. "After consideration, we have
Barclays Exits Climate Banking Alliance Following HSBC and U.S. Banks
Barclays' Withdrawal from Climate Banking Alliance
LONDON (Reuters) -Barclays has become the latest British lender to quit the Net Zero Banking Alliance, following the departures of HSBC and several major U.S. banks.
Recent Departures from the Alliance
"After consideration, we have decided to withdraw from the Net Zero Banking Alliance," the bank said in a statement on its website. "With the departure of most of the global banks, the organisation no longer has the membership to support our transition."
Implications for the Banking Sector
Barclays is the second major British bank to leave the group.
(Reporting by Virginia Furness, Editing by Iain Withers)
