Banks challenge Greenpeace on greenwashing allegations
The latest round of greenwashing allegations targets Luxembourg’s banks and their investment funds. Greenpeace, presenting a mystery shopping survey, now claims Luxembourg’s financial centre is “guilty of greenwashing”. Bank sector group ABBL challenges Greenpeace’s approach. Meanwhile, UN secretary-general Antonio Guterres has fiercely condemned private sector behaviour that uses “bogus net-zero pledges”.
Neobank challenge on the horizon
Leading European digital banks now have nearly 100m customers. This is according to research by Accenture presented at a ABBL online roundtable on 10 June entitled “Neobanks: An opportunity behind each threat”. Even if one-in-six of the continent’s population have an account, the concept of pure online banking has yet to go mainstream. But this could be about to change.