May 9, 2024
Loans

UBS looks to keep, grow shipping loans in post-merger green overhaul

By Simon Jessop LONDON (Reuters) – 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. The shotgun marriage of Switzerland’s two biggest lenders

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