Deutsche Bank has become the latest big - name organisation to pull back from the coal industry , following Bank of America and JP Morgan . Recently , six senior members of Deutsche Bank ’s staff , responsible for coal deals , moved to New York firm Jefferies . The German company has no plans to replace them . Just a few years ago, coal was surging, swept up in a global commodity craze, as mining companies sought to satisfy a seemingly insatiable demand from China. It 's another blow for the beleaguered coal industry , as lending from banks has slipped from $ 1.6bn in 2011 to $ 820 m in 2015 .
Deutsche Bank has become the latest big - name organisation to pull back from the coal industry , following Bank of America and JP Morgan . Recently , six senior members of Deutsche Bank ’s staff , responsible for coal deals , moved to New York firm Jefferies . The German company has no plans to replace them . It 's another blow for the beleaguered coal industry , as lending from banks has slipped from $ 1.6bn in 2011 to $ 820 m in 2015 .