Major financial institutions are abandoning net-zero climate alliances amid political pressure and legal threats, signaling a potential shift in the landscape of climate finance.

Trillion dollar asset manager Northern Trust has also quit Climate Action 100+, an investor-led initiative of financial ...

Donald Trump’s presidential inauguration in the US coincided with the start of the 2025 edition of the World Economic Forum ...

Several large U.S. financial institutions, including the Federal Reserve, have withdrawn from the networks after years of ...

Many state plans confirm their climate-forward and sustainable investing initiatives as BlackRock retreats from its ...

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

Dutch technology industry scheme wrote to the asset manager as it feels increasingly uncomfortable with "BlackRock's retreat ...

Engineering pension fund PME, one of the largest in the Netherlands, is considering breaking ties with asset manager ...

The state's attorney general warned Goldman, JPMorgan, BlackRock, and other heavyweights of possible legal consequences to ...

The agreement dismisses the state’s 2023 lawsuit and does not find that the investment firm violated any laws. “We’re pleased to resolve this matter,” a BlackRock spokesperson said.

BlackRock (BLK) reported record fourth-quarter and full-year earnings results as the world’s largest asset manager continued ...