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UBS plans to expand its lending to the shipping sector while phasing out certain loans to fossil fuel clients inherited from Credit Suisse. This move comes as part of a post-merger green overhaul, marking a significant test of the impact of a mega-merger on banks' sustainability commitments. Executives shared these insights with Reuters, highlighting the strategic shift towards more sustainable financing options in the wake of the merger.
UBS will look to increase lending to the shipping sector and run off some loans to fossil fuel clients inherited from Credit Suisse, executives told @Reuters, in the biggest test yet of the impact of a mega-merger on banks' sustainability commitments https://t.co/GpHXHEG8Ei
UBS will look to increase lending to the shipping sector and run off some loans to fossil fuel clients inherited from Credit Suisse, executives told @Reuters, in the biggest test yet of the impact of a mega-merger on banks' sustainability commitments https://t.co/ZQPLWf66el
How EVs are upending the 100-year-old auto supply chain https://t.co/5Ep4xM96K2
