April 1, 2025
BlackRock Inc. is going even bigger in Texas. The world’s biggest asset manager applied for the iShares Texas Equity exchange-traded fund, according to a Friday filing with the Securities and Exchange Commission. The planned ETF would be passively managed and …
January 10, 2025
BlackRock Inc. is parting ways with one of the world’s biggest climate-investor groups after being targeted by Republican politicians for its efforts on global warming. The money manager has decided to leave the Net Zero Asset Managers initiative it said …
March 28, 2024
BlackRock Inc. faces the prospect of being barred from offering securities in Mississippi after state officials accused the investment firm of making “fraudulent” statements regarding its climate strategy. This marks at least the second time BlackRock has faced legal action …
December 16, 2022
Financial executives and Texas state senators clashed over company concerns for climate change at a hearing on Thursday, a rare in-person confrontation as Republicans ramp up attacks on the use of environmental, social and governance (ESG) factors in investing. Texas …
March 29, 2022
The holding company of U.S. insurer American International Group Inc.’s life and retirement business, SAFG Retirement Services Inc., filed for an initial public offering in the United States on Monday. In the filing, SAFG reported total revenue of $23.39 billion …
January 27, 2022
Days after it announced it had to lay off 330 employees due to worsening loss costs, auto insurer Root Insurance has finalized a $300 million term loan from BlackRock Financial Management. The five-year loan will carry an interest rate of …
November 15, 2021
GLASGOW / NEW YORK – Insurers plan to increase their allocations to private markets to 14% from 11% over the next two years in the hunt for yield, as they add more money to environmentally focused investment funds, BlackRock Inc …
June 17, 2021
The Western U.S. could be in for a wild ride thanks to climate change. That’s the brunt of the buzz in the news this week, as multiple media outlets gave heavy coverage to the severe drought and heatwave currently creeping …
December 10, 2019
Mark Wiseman, who was seen by many as a likely heir to BlackRock Inc. Chief Executive Officer Larry Fink, is now out of a job. The details we have are scant. In a memo, Wiseman explained: “I am leaving BlackRock …
August 27, 2019
BlackRock Inc. is stepping up opposition to U.S. CEOs who sit on more than one corporate board beside their own, arguing that working as a director takes increasingly more time, a report from the world’s largest asset manager showed on …