Wall Street backs away from Arctic drilling amid Alaska political heat

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Reuters Money Make sense of the market.       Tweet       Share Wall Street backs away from Arctic drilling amid Alaska political heat Three big U.S. banks have publicly announced break-ups with Arctic drilling in recent months, reflecting Wall Street's increasing desire to cast itself as environmentally friendly amid a political firestorm in Alaska. Julius Baer nominates Meissner, Shih for board seats Swiss wealth manager Julius Baer Group nominated former Bank of America Merrill Lynch investment banking head Christian Meissner and UBS Asia veteran Kathryn Shih for seats on its board of directors. Your Money: How retirement savers can glide through market turmoil If you are close to retirement in the United States, chances are you do not have to worry about cashing out of the market as it gyrates wildly on coronavirus fears. Activist investor Robbins shutting hedge fund to pursue other things Activist investor Clifton S. Robbins told clients on Friday that he is shuttering his Blue Harbour Group not because investors want their money back or because returns have lagged, but because he wants to do something different. As stocks plunge on coronavirus, hedge funds can brag: 'we're down less!' This week's stock market plunge on coronavirus worries has given hedge fund managers a rare opportunity to brag that they are performing better than traditional stock market funds during a time of market stress. Your Money: Five useful money moves you can do instead of panic Spoiler alert: None of the useful things you can do about your money right now involve your 401(k). Eight men in frame to run Norway wealth fund, including deputy CEO Eight candidates have applied to head Norway's sovereign wealth fund, the country's central bank said on Tuesday, as its board prepares to decide who should steer the global portfolio of assets worth $1.1 trillion through a time of transition. Pioneer Natural CEO calls on investors to divest in companies with high flaring The chief executive of Pioneer Natural Resources, Scott Sheffield, on Thursday called on energy investors to sell shares or pull funding from companies that have rates of natural gas flaring. Related Videos Fed slashes interest rates in emergency move Business Worst yet to come: airlines step up virus warning Business Introducing the all-new Reuters News app The new Reuters News app is here, redesigned from the ground up to fit your busy life. Get it now on iOS Your world. Your news. More Newsletters Get Reuters News App Get Reuters TV App               © 2020 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Email Preferences    |   Privacy Policy    |   Terms and Conditions