Key quote:
“Since the beginning of the year, the firm has lost 40 percent of its market value, or approximately $55 billion.”
I aqm beginning to wonder if some of these companies deliberately announce they are going ‘woke’ in order to sell short and profit when their market value drops.
It’s as predictable as night follows day, and have you ever seen where the market DOES NOT take advantage of a ‘sure thing’?
About time. Their reported policy was to deny loans to oil and gas drillers, producers, pipeline companies and refineries seeking expansion.