Blackrock and Vanguard - Search News

Vanguard, retirement funds

Vanguard fined more than $100 million by SEC over violations involving target date retirement funds

The violations stem from a 2020 change where Vanguard lowered the minimum investment requirement for its institutional target date funds.

The Business Journals · 1h

Vanguard fined $106M over retirement fund disclosure violations

The Malvern investment giant was accused of alleged misleading statements to retail investors in targeted retirement funds.

Wall Street Journal · 2h

Vanguard to Pay $106.4 Million to Resolve Alleged Violations Linked to Retirement Funds

The SEC said a lack of notifications by Vanguard drove higher capital gains tax bills for many retail investors.

Tennessee drops BlackRock ESG suit

Hosted on MSN · 2h

BlackRock Reaches Settlement With Tennessee Over ESG Strategy

Tennessee said it settled a lawsuit with BlackRock Inc. after accusing the world’s largest money manager of allegedly breaching consumer protection laws by making “misleading” statements about its ESG investment strategy.

The Financial Times · 2h

Tennessee drops BlackRock ESG suit after asset manager agrees concessions

Tennessee has dropped its landmark lawsuit against BlackRock after the $11.6tn money manager promised to increase disclosure and compliance around its use of environmental, social and governance factors in investing.

Pensions&Investments · 2h

Tennessee, BlackRock settle lawsuit over ESG case

The settlement ends a lawsuit that was originally filed in December 2023 by the state of Tennessee under the Tennessee Consumer Protection Act. The suit alleged that BlackRock overstated the financial benefits of ESG-related strategies and didn’t adequately disclose its integration of ESG factors.

2don MSN

BlackRock and Vanguard own huge amounts of bank shares—but only one agrees with FDIC policy on undue influence

Vanguard has already signed an agreement with the FDIC while BlackRock is reportedly pushing to delay until the Trump ...

Institutional Investor1d

BlackRock Gets FDIC Extension as Asset Managers Wait for a New Regulatory Regime

Late last year Vanguard Group entered into an agreement with the Federal Deposit Insurance Corporation as the regulator ...

2d

BlackRock executive Mark Wiedman to leave firm, sources say

Asset manager BlackRock's senior executive Mark Wiedman, who was touted to be a potential successor to CEO Larry Fink, is ...

4don MSN

Vanguard takes steps to convince the government it’s not too powerful

The FDIC director says a new "passivity agreement" with Vanguard is a victory over "the concentration of power in a few ...

BlackRock wants FDIC to push back passivity agreement deadline to March

The asset manager’s head of U.S. regulatory affairs warned against “hastening the finalization of a completely new regulatory ...

2d

BlackRock assets hit record $11.6 trillion in fourth quarter

BlackRock posted a 21% fourth quarter jump in profit after buoyant equity markets increased income from fees and drove its ...

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