FDIC Launches Inquiry into BlackRock and Vanguard's Holdings in U.S. Banks
Tuesday, 2 April 2024, 09:30
FDIC Investigates BlackRock and Vanguard's Large Investments in U.S. Banks
Key Points:
- The FDIC is examining the substantial holdings of BlackRock and Vanguard in U.S. banks.
- This investigation focuses on the adherence of these investment firms to their passive-investing mandate.
- Conclusion: The outcome of this probe could have far-reaching consequences for both BlackRock, Vanguard, and the U.S. banking industry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.