Bank of America Stiffens Environmental Loan Rules

Author: Jonathan Stempel, Reuters, Published on: 17 May 2004

Bank of America Corp. on Monday joined Citigroup Inc. in tightening lending standards for project financing to address potential environmental risks...The other companies targeted in Rainforest's campaign are Bank One Corp., Goldman Sachs Group Inc., J.P. Morgan Chase & Co. [JPMorgan Chase], Manulife Financial Corp.'s John Hancock Financial Services; SunTrust Banks Inc., U.S. Bancorp, Wachovia Corp. and Wells Fargo & Co.

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Related companies: Bank of America Bank One (now JPMorgan Chase) Citigroup Goldman Sachs John Hancock Financial Services (part of Manulife Financial) JPMorgan Chase Manulife Financial SunTrust Banks US Bancorp Wachovia (part of Wells Fargo) Wells Fargo