Reported about 20 hours ago
The U.S. Federal Deposit Insurance Corporation (FDIC) announced a passivity agreement with Vanguard, which restricts the company from influencing the management or policies of banks it has stakes in. This agreement aims to enhance monitoring of Vanguard's investment activities in large banks, ensuring their role remains passive. Vanguard emphasizes its commitment to passive investing and collaboration with regulators.
Source: YAHOO