Bank of Montreal said on Friday it was withdrawing from the Net-Zero Banking Alliance (NZBA), making it the first Canadian lender to quit one of the world's top banking sector climate coalitions. BMO's action follows that of U.

The lender joins a host of big banks in the United States, such as JPMorgan Chase & Co., Morgan Stanley, Bank of America Corp., Citigroup Inc., Wells Fargo & Co. and Goldman Sachs Group Inc., that have withdrawn from the group convened by the United Nations, as Donald Trump gets set to become the president of the U.S.

TORONTO — Bank of Montreal has withdrawn from the UN-backed Net-Zero Banking Alliance that aims to accelerate climate action among financial institutions.

By Nivedita Balu TORONTO (Reuters) -TD Bank, Bank of Montreal and National Bank of Canada said on Friday they were withdrawing from the Net-Zero Banking Alliance (NZBA), joining the big six US banks in quitting the banking sector climate coalition.