Reported about 12 hours ago
JPMorgan Chase & Co.'s asset-management unit has decided to leave the Net Zero Asset Managers initiative, reflecting a trend of exits from financial climate alliances as they face pressure from GOP politicians. The decision followed the announcement that NZAMi paused operations due to evolving regulatory and client demands. This departure comes shortly after BlackRock, the largest asset manager globally, also withdrew from the initiative.
Source: YAHOO