Reported about 17 hours ago
BlackRock is strategically distancing itself from potentially contentious political affiliations as the GOP prepares to take power in Washington. The firm recently exited the Net Zero Asset Managers initiative amid Republican concerns about its ESG investments, while also securing additional time to address regulatory scrutiny from the FDIC regarding its holdings in US banks. As it faces criticism from both parties, BlackRock's CEO Larry Fink has been cautious in navigating these political landscapes, especially with the implications of managing over $11 trillion in assets.
Source: YAHOO