Industry News: ESG

BlackRock, Vanguard Stakes in Banks Draw Labor Union Critics

Written by ESG | 4-Nov-2024 2:10:35 PM

2024-10-30

BNN Bloomberg: Consumer advocacy groups and labor unions are lining up to support plans by the FDIC to step up scrutiny of stakes in US banks held by money managers such as BlackRock Inc. and Vanguard Group Inc., citing the danger of too much concentration.

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