Impax Asset Management Group Plc, one of the world’s largest ESG fund managers, is exploring stocks and sectors it once avoided as the US Inflation Reduction Act redraws the green investing map. The Act, which was passed in December 2020, aims to reduce inflation by capping the amount of money that can be printed by the US government. This could have a major impact on the economy, and Impax is looking at how it can profit from the changes.

TUI AG has selected banks to arrange a rights offering to help repay part of a German government bailout package, according to sources familiar with the matter.

Morgan Stanley has fined some of its own bankers more than $1 million each for conducting business on WhatsApp and other messaging platforms.

Big banks are still paying low interest rates on checking and savings accounts, even though the Federal Reserve has raised rates significantly in recent years. Wealthy customers who have been waiting for higher rates are now moving their money into investment products that have kept pace with the Fed's increases.

As emerging-market countries explore the option of debt relief in exchange for commitments to preserve nature, researchers at Barclays Plc say that some of the labeling smacks of greenwashing.