Barclays latest British lender to quit climate banking alliance

LONDON (Reuters) -Barclays has become the latest British lender to quit the Net Zero Banking Alliance, following the departures of HSBC and several major U.S. banks.

"After consideration, we have decided to withdraw from the Net Zero Banking Alliance," the bank said in a statement on its website. "With the departure of most of the global banks, the organisation no longer has the membership to support our transition."

Barclays is the second major British bank to leave the group.

(Reporting by Virginia Furness, Editing by Iain Withers)