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The Hill’s Morning Report — Swiss bank troubles prompt question: More ahead? Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy….
‘Unfortunate and wrong’: Angry taxpayers respond to latest bank bailouts The alacritous rescue of depositors at Silicon Valley Bank (SVB) and Signature Bank by the federal government over the weekend is getting a cynical and frustrated response from taxpayers. Many of the people who The Hill spoke to for this article are nervous that the…
“BlackRock’s Larry Fink making leadership changes” BlackRock plans to make a slew of leadership changes across divisions and create a new unit, according to a memo seen by Reuters on Wednesday, at a time when the asset manager resists pressure to remove its Chief Executive Larry Fink. With Fink at the helm, the world’s largest asset…
“Fighting back against the thuggish ‘ESG’ woke agenda” There’s no such thing as blue money or red money. Only the green stuff will pay bills. On Friday, North Carolina Treasurer Dale Folwell became the latest of officials from nearly half the states across the country — including Florida, Texas, Kentucky, Missouri, Arizona and West Virginia…
“BlackRock CEO Larry Fink pushed to exit over ESG ‘hypocrisy’” A small activist fund fired a slingshot at goliath investment firm BlackRock, calling for the ouster of CEO Larry Fink for his “hypocrisy” in pushing a “woke” political agenda. Bluebell Capital — a London-based firm with just $250 million in assets under management, compared to…
“Florida yanks $2B from ‘woke’ BlackRock over ‘social-engineering’” Florida said Thursday it has begun to divest $2 billion in funds overseen by BlackRock — a sharp rebuke of the giant asset manager’s investing policies under CEO Larry Fink that right-leaning critics have blasted as “woke capitalism.” The divestment under Gov. Ron DeSantis – the largest…
“BlackRock letting more clients vote in dramatic move” BlackRock, the world’s biggest asset manager, said Thursday it would expand the number of clients eligible to choose how to vote at company annual meetings on everything from executive pay to climate strategy. The “Voting Choice” program announced last year by the $8 trillion asset manager could…
“BlackRock’s Larry Fink vows ‘harder line’ in bringing workers back to office” BlackRock CEO Larry Fink said his $10 trillion investment management company would be “taking a harder line as to how we bring our employees back” into the office and that having workers in their cubicles is key to bringing down record levels of…
“Biden’s inflator in chief Brian Deese is an awful pick” There might be worse choices to lead President Joe Biden’s fight against inflation — Vice President Kamala Harris immediately comes to mind. But the role of Brian Deese in Biden’s new and belated “laser focus” on inflation is more proof that Sleepy Joe either doesn’t…