A flagship coalition aimed at aligning the asset management industry with global climate goals said it was suspending its ...

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 ...

BlackRock dropped out of the United Nations-backed climate change investing initiative, which was followed by NZAM suspending ...

Several large U.S. financial institutions, including the Federal Reserve, have withdrawn from the networks after years of ...

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

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

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

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

Nasdaq has proposed a new system for BlackRock's iShares Bitcoin ETF, allowing institutional investors to redeem shares ...

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

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 ...