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21

Morning Agenda: Banks Pull Financing From Coal Industry

By Tony Seruga

BANKS PULL FINANCING FROM COAL INDUSTRY | Wall Street’s retreat from the coal industry is an ominous sign for a sector already in decline,
Michael Corkery writes in DealBook. JPMorgan Chase said it would no longer finance new coal-fired power plants in the United States or other wealthy nations. Bank of America, Citigroup and Morgan Stanley have made similar decisions.

At the same time, Peabody Energy, the world’s largest private-sector coal company, said it might have to follow three other large coal companies into bankruptcy…

Morning Agenda: Banks Pull Financing From Coal Industry

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