Morgan Stanley to leave sector climate coalition

Investment bank Morgan Stanley said on Thursday it had decided to leave the Net-Zero Banking Alliance, becoming the latest U.S. lender to quit the sector's top global climate coalition. Despite leaving the NZBA, Morgan Stanley said in a statement that its commitment to helping the world transition to net-zero carbon emissions "remains unchanged". The decision by Morgan Stanley follows similar moves in recent weeks by Citigroup, Bank of America, Wells Fargo and Goldman Sachs.