U.S. banks Citigroup and Bank of America said on Tuesday they are exiting the Net-Zero Banking Alliance (NZBA), a group of global banks that have pledged to curb greenhouse gas emissions.

Band of America and Citibank leave climate alliance, focus on emerging markets. Trump's policies may boost regional banks, but slow clean energy growth.

US banks are under pressure from Republican lawmakers to distance themselves from industry groups that support reducing carbon emissions.

Citigroup Inc and Bank of America Corp say they’re leaving a global climate-banking group, becoming the latest Wall Street lenders to exit the coalition in the past month.

U.S. bank Citigroup said on Tuesday it is exiting the Net-Zero Banking Alliance (NZBA), a group of global banks that have pledged to curb greenhouse gas emissions. This move makes Citigroup the third major U.

Morgan Stanley terminated its membership of a major climate-banking group, joining a wave of Wall Street firms that recently quit a global alliance intended to aid the reduction of greenhouse-gas emissions.

Some of the biggest lenders in the US are beating a retreat from a UN-backed bank climate group in the final weeks before a new Trump administration prepares to take office.