Asset managers BlackRock, State Street, and Vanguard are being investigated to determine if they have stuck to their roles as passive investors in several U.S. banks.
Tag: BlackRock
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BLACKROCK ESG INVESTING GETS MORE STATE AG SCRUTINY
BlackRock is trying to grab large stakes in public utilities, even as it has pledged itself to radical ESG investing and carbon zero goals. That’s a problem, as a large group of state Attorney Generals see it, and this past week they filed a motion with FERC to challenge BlackRock’s attempts to buy up those stakes.