Bank of America Set to Expand Its Energy Transition Business

Bank of America is looking to expand its business related to the energy transition, boosting carbon trading, and power and natural gas markets trading, senior executives have told Bloomberg. Banks in the United States and Europe are looking to boost exposure to trading products and financing projects that are deemed of key importance to the energy transition. Bank of America (BofA) will hire people for trading roles as client demand for energy transition-related products is rising. The U.S. banking giant is already expanding its exposure to…