The world’s largest banks
committed💥 $906 billion
in financing to the fossil fuel industry last year,
-- an “unfathomable” increase in investment
locking in years more of #coal, #oil and #gas production
as the world continues to overheat, a new report has found.

The surge in new fossil fuel lending, up 💥$64bn or nearly 8% on 2024,
shows that the world’s largest
⭐️65 banks are making decisions incompatible with international agreements to restrain rising global temperatures,
according to the coalition of environmental groups behind the new analysis.

#JPMorgan #Chase is again the world’s leading financier of fossil fuels,
according to the annual "Banking on Climate Chaos" report,
after pushing $58bn to the sector last year – up 13% from 2024.

#Bank of #America committed the second largest amount to fossil fuels last year,
followed by Japanese banks #MUFG and #Mizuho Financial.
#Citigroup, another US bank, rounds out the top five,
with #Barclays, at number eight, the highest placed British bank.
https://www.theguardian.com/environment/2026/jun/09/world-banks-pledge-billions-fossil-fuel-industry-2025?CMP=Share_iOSApp_Other

World’s largest banks pledged $906bn to fossil fuel companies in ‘unfathomable’ increase in 2025, report finds

JPMorgan Chase leads 65 banks making decisions incompatible with restraining rising temperatures, researchers say

The Guardian
The Japanese government and the country's major financial institutions have secured access to Claude Mythos in a move that could significantly shore up weaknesses in cybersecurity. https://www.japantimes.co.jp/business/2026/06/03/tech/japan-anthropic-mythos/?utm_medium=Social&utm_source=mastodon #business #tech #anthropic #mythos #ai #satsukikatayama #mufg #mizuho #sumitomomitsui #banks
Japanese government and banks granted access to Claude Mythos

The access could help the government and the nation's megabanks shore up any cybersecurity vulnerabilities.

The Japan Times
Japan's major banks are set for their busiest fiscal year in over a decade for issuing a special category of bonds that will finance higher capital requirements. https://www.japantimes.co.jp/business/2026/05/29/companies/banks-hybrid-bond-boom/?utm_medium=Social&utm_source=mastodon #business #companies #banks #bonds #inflation #sumitomomitsui #mizuho #mufg
Japanese banks see hybrid bond boom to fund regulatory capital

The issuance of Additional Tier 1 bonds, which are considered among the riskiest forms of bank debt, could rise to a record high in Japan this year.

The Japan Times
Mizuho Financial Group's CEO suggested that the Bank of Japan might be better off considering an outsized interest-rate increase to combat inflation — a move it hasn't made since the country's asset bubble in 1990. https://www.japantimes.co.jp/business/2026/05/27/mizuho-ceo-rate-increase-inflation/?utm_medium=Social&utm_source=mastodon #business #mizuho #banks #masahirokihara #boj #inflation #japaneseeconomy #energy #sanaetakaichi #australia
Mizuho CEO floats idea of first outsized BOJ hike since 1990

Masahiro Kihara says whether the BOJ raises rates in June or July is unlikely to have a big impact on the market unless the increase is large.

The Japan Times
Mizuho Bank and Rakuten Bank will form a capital and business alliance, with the former set to acquire shares in the latter on Oct. 1, the parent companies of the two Japanese banks said Wednesday. https://www.japantimes.co.jp/business/2026/05/21/companies/mizuho-stake-rakuten/?utm_medium=Social&utm_source=mastodon #business #companies #banks #mizuho #rakuten
Mizuho Bank to acquire stake in Rakuten Bank

The two megabanks will work together in services for corporate clients, aiming to bolster their earnings from lending and fee business.

The Japan Times
For decades, deflation in Japan kept loan demand tepid and prompted savers to hoard cash that retained its value. Now the country is seeing an explosion of borrowing, and deposits aren't keeping up. https://www.japantimes.co.jp/business/2026/05/20/companies/loan-growth-outpacing-deposits/?utm_medium=Social&utm_source=mastodon #business #companies #banks #mufg #sumitomomitsui #mizuho
As Japan stokes inflation, banks grapple with loan growth outpacing deposits

For decades, deflation kept loan demand tepid and prompted savers to hoard cash. Now the country is seeing an explosion of borrowing, and deposits aren't keeping up.

The Japan Times