BlackRock and Vanguard own huge amounts of bank shares—but only one agrees with FDIC policy on undue influence
Vanguard has already signed an agreement with the FDIC while BlackRock is reportedly pushing to delay until the Trump ...
BlackRock, Tennessee settle lawsuit over firm’s ‘misleading’ ESG strategy
The lawsuit accused the firm of making “misleading” statements on how strongly ESG goals drove its investments.
Institutional Investor2d
BlackRock Gets FDIC Extension as Asset Managers Wait for a New Regulatory Regime
Late last year Vanguard Group entered into an agreement with the Federal Deposit Insurance Corporation as the regulator ...
Vanguard fined more than $100 million by SEC over violations involving target date retirement funds
The violations stem from a 2020 change where Vanguard lowered the minimum investment requirement for its institutional target ...
BlackRock Agrees to New ESG Disclosures in Tennessee Settlement
(Reuters) - Tennessee Attorney General Jonathan Skrmetti announced a settlement with BlackRock on Friday, resolving ...
BlackRock is trying to avoid the hot seat as GOP takes power
The world’s biggest money manager is trying to avoid some political headaches as Donald Trump and the GOP take over all of ...
InvestmentNews1d
BlackRock reaches settlement with Tennessee over ESG strategy
The lawsuit filed in 2023 alleged unfair impact on the asset management giant's non-ESG funds due to its involvement in ...
Vanguard takes steps to convince the government it’s not too powerful
The FDIC director says a new "passivity agreement" with Vanguard is a victory over "the concentration of power in a few ...
BlackRock assets hit record $11.6 trillion in fourth quarter
BlackRock posted a 21% fourth quarter jump in profit after buoyant equity markets increased income from fees and drove its ...
AOL3d
BlackRock and Vanguard own huge amounts of bank shares—but only one agrees with FDIC policy on undue influence
As part of its strategy to prevent similar collapses in the future, the FDIC is no longer letting the so-called Big Three asset money managers—BlackRock, Vanguard and State Street—self-attest ...