OceanFirst Bank’s Post

As we embrace the legacy of the past, it serves as a powerful prologue to the extraordinary impact we are committed to making for the next 130 years. Our story unfolds with each chapter, and the journey is just beginning. Click here to learn more: https://lnkd.in/dF_WsnMH #BeyondComparison #EnablingSuccess #FirstBank #YouFirst

Six banks could potentially land on West Virginia’s Restricted Financial Institution list, limiting their access to contracts for state #banking services, which involve holding state #revenue and #taxpayer dollars. This is due to their sustainable investment practices aiming to divest from #coal, #oil, or #naturalgas. West Virginia State Treasurer #RileyMoore notified BMO, HSBC, Fifth Third Bank, Citi, TD US and Northern Trust last Friday that they will be officially added to the list in 45 days unless they prove to the Treasurer within 30 days that they are not boycotting fossil fuel companies. #ESGIntegration #Climate

Today, we celebrate the United Nations International Day of Cooperatives, and our 55 customer-owned banks committed to putting people and communities first. The first customer-owned banks in Australia were established by hard-working people excluded by the traditional banking system, who banded together to provide financial services and inclusion for their communities. In a world increasingly dominated by large financial institutions, mutual banks, credit unions and building societies continue to forge a different path – a path that prioritises people over shareholder returns, and collective prosperity over individual gain. Celebrate this day by joining the customer-owned banking movement and be part of a global cooperative network building a brighter future. This year marks the 102nd annual #Coopsday, which will build the momentum towards the 2025 International Year of Cooperatives declared by the United Nations. #CooperativesBuildABetterFutureForAll

Keeping your Relationship Current is the key.

I am trying to engage in more social activism and recently got involved with Third Act thanks to a couple of my older adult friends who are very involved in climate change. I wasn’t aware of how complicit big banks are in contributing to climate change. Bank of America is even going backward, recently rescinding its policies, and Citibank has provided at least $8.7 billion to the global Liquefied Natural Gas sector since 2016––the same kinds of projects for which the Biden Administration just paused approvals. In the past two years, the Big 4 Wall Street banks—Bank of America, JP Morgan Chase, Citibank, and Wells Fargo—have provided $349 billion to fossil fuel companies, fueling the climate crisis. The fossil fuel industry can’t exist without banks. For starters, I personally can impact this by moving my own money to a better, greener bank and credit card company that aligns with my values. So, I am breaking up with my bank! 💔   Game of Thrones stars and real-life couple Kit Harrington and Rose Leslie bring this dirty little secret to light in the video below, developed by Third Act’s partner Make Your Money Matter. This Valentine’s Day❣please consider taking action to get our planet out of this toxic relationship. #thirdact #climatechange #socialimpact #moneymanagement #olderadults https://lnkd.in/gJnRHMVF

In recent years, regulatory changes and tightening capital requirements in the banking sector have prompted Borrowers to consider a variety of private financing options. Gilles Dellaert from Blackstone highlights the significant shift in private credit, underlining its ongoing momentum and the key growth drivers influencing this transformation. He points to a very large opportunity for Borrowers and businesses across multiple collateral types. Portside is uniquely positioned to take advantage of this trend, offering Borrowers flexible terms, quick access to capital and specialised expertise. Find out more below or reach out to the Portside team to explore your business ventures. #privatecredit #portsidecredit #blackstone James Morrison Marisa Leone Lisa Penton Katrina Calder

At #FIIPRIORITY in #Rio, Bernard Mensah, President of International at Bank of America and CEO of Merrill Lynch, underscores the importance of directing #capital flow to support societal needs. Watch the full panel on YouTube: https://lnkd.in/d5uCpNTN

2024 expectations: In this episode of #NJBIZConversations, OceanFirst Bank CEO Chris Maher talks about the state of the lending market, the outlook for businesses in New Jersey – especially those along the shore – and more. Watch or listen now! ▶️🎧 https://lnkd.in/ejkuyFdi

🚨 Psst... are you a current or former RBC employee and have you heard some fishy stuff about RBC practices? Spill the beans using our new confidential tip line! 🚨https://lnkd.in/eiWBE7wC We’re looking for information on RBC’s fossil fuel financing, violation of human rights, greenwashing, or any misconduct. Let’s force RBC to clean up its act together. Spread the word. #RBCRevealed #RBCTips

Banking on the Future returns... in partnership with the Bank of England.   At a time when we anticipate another year of geopolitical changes, we aim to provide business leaders with substantial visionary insights.   You'll hear from Bank of England Economist, Robert Elder and our panel of industry-leading property oracles including:   - Fiona Fletcher Smith, CEO at L&Q - Troy K. Javaher, Head of UK/Europe at Lincoln Property Company - Honor Barratt, CEO at Birchgrove   Watch our highlight reel to see what you can expect. You can register your interest via the link in our comments. #BOTF8 #event #realestate #property #recruitment #economy