The banking giant's exit from the global Net-Zero Banking Alliance leaves just three smaller U.S. banks in the group. Climate activists called large banks' departures a capitulation to Republicans' climate denialism.

JPMORGAN Chase just became the last of Wall Street’s biggest banks to abandon the industry’s largest climate-finance alliance. Read more at The Business Times.

JPMorgan said on Tuesday it was leaving the Net-Zero Banking Alliance, the latest U.S. lender to quit the sector's biggest climate coalition amid rising U.S. political pressure. The move means the six biggest banks in the world's largest economy - Goldman Sachs,