Big banks have been backing away from their commitment to fight climate change via "net zero" carbon emissions as political ...

Several large U.S. financial institutions, including the Federal Reserve, have withdrawn from the networks after years of ...

BlackRock, the world's largest asset manager, recently withdrew from its membership with Net Zero Asset Managers initiative (NZAM), a coalition committed to achieving net-zero greenhouse gas emissions ...

The world’s biggest money manager is trying to avoid some political headaches as Donald Trump and the GOP take over all of ...

Investor climate initiatives can and should play a role in stewarding the economy but have so far failed to bring real-world ...

Their exit follows a wave of similar decisions from other major banking institutions, including Morgan Stanley, Citigroup, ...

Trillion dollar asset manager Northern Trust has also quit Climate Action 100+, an investor-led initiative of financial ...

Following BlackRock's departure, the Net Zero Asset Managers initiative pauses operations to reassess its future direction ...

Larry Fink, CEO of BlackRock, has suggested that Bitcoin could reach $700,000 per coin, citing its growing role as a hedge ...

Texas Attorney General Ken Paxton wrote on Jan. 23 to the firms saying they appear “to unlawfully advance discriminatory” ...

The lawsuit filed in 2023 alleged unfair impact on the asset management giant's non-ESG funds due to its involvement in ...

The agreement dismisses the state’s 2023 lawsuit and does not find that the investment firm violated any laws. “We’re pleased to resolve this matter,” a BlackRock spokesperson said.