New York City Freezes Deposits at Two Major Banks After Failing to Implement City’s ‘Woke’ Agenda
Florida governor Ron DeSantis signed into law a bill barring state officials from investing public money to promote ESG goals, and prohibited ESG bond sales
By News on the Net -- BECKER NEWS—— Bio and Archives--May 28, 2023
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New York City officials have taken action against two leading banks, Capital One and KeyBank, after the financial institutions failed to submit their plans for combatting discrimination in their operations.
On Thursday, NYC Comptroller Brad Lander restricted account deposits
at both banks due to their non-compliance with the city’s mandates
issued earlier this year. The mandates require banks holding public
funds to provide detailed strategies for addressing various forms of
discrimination within their operations. ---More...
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