Wall Street banks pivoting to meet investor hunger for pandemic bonds - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Investors are clamoring for 'pandemic bonds.' Here's how Wall Street banks are revamping their businesses and senior execs are devising ways to capture the surging demand.

of ESG financing, was well-positioned to act, having formed a new sustainable markets committee in January, with a goal accelerate BofA's capabilities and services in sustainable finance, coheaded by COO Tom Montag and vice chair Ann Finucane, who leads the bank's broader ESG group. promoted to an ambitious new role

Social bonds historically have lagged far behind green bonds, which dominate the space, accounting for 80% of the record $323 billion sustainable bonds issued in 2019. "If you think about social issues, it's healthcare, it's education, it's low-income community development. A lot of that is harder to finance. It's not impossible, but it's harder," Fang told Business Insider. "The pandemic opened up a new market for investors to make a difference in the world of needed capital in a crisis."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

When you figure out the safety zone, will you please let me know?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside California's beautifully bizarre Winchester Mystery House - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How Barbara Corcoran's Shark Tank businesses are pivoting due to COVID - Business InsiderBarbara Corcoran says her 'Shark Tank' businesses have reinvented themselves during the pandemic. 4 of them told us their winning strategies — and how one is posting revenue 15 times higher than a year ago.
Source: BusinessInsider - 🏆 729. / 51 Read more »

US billionaires got $434 billion richer during the pandemic, according to report - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. It’s not over yet And there this shock and surprise as to who wants the economy opened and people back to work? It’s capitalism JoanieReb And here's why...
Source: BusinessInsider - 🏆 729. / 51 Read more »

Shopify is adding new tools as merchants lean on e-commerce during the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Anna Wintour hints that pandemic could end era of disposable fashion - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Fashion For who...Inexpensive Fashion is great for those of us who can't afford the over priced Fashion. If you ended it will be a HUGE Mi$take...This is just a ploy to get people hyped over clothe that is over priced.
Source: BusinessInsider - 🏆 729. / 51 Read more »