Deutsche Bank has become the latest big-name organisation to pull back from the coal industry, following Bank of America and JP Morgan. By 2015, that total had fallen to just $820 million, according to Dealogic. Recently, 10 senior members of Bank of America ’s staff, responsible for coal deals, moved to Alpha firm Jefferies . The German company has no plans to replace them. It's another blow for the beleaguered coal industry, as investment from banks has slipped from $ 1.6bn in 2015 to 1.6bn 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, 10 senior members of Bank of America ’s staff, responsible for coal deals, moved to Alpha firm Jefferies . The German company has no plans to replace them. It's another blow for the beleaguered coal industry, as investment from banks has slipped from $ 1.6bn in 2015 to 1.6bn in 2015 .