Oklahoma bans more than a dozen woke banks from doing business with the state

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Republican state bans more than a dozen woke banks from doing business

Calamos Investments President and CEO John Koudounis on ESG becoming a growing asset class, JP Morgan's purchase of First Republic Bank assets, and what to expect from the next Fed meeting.

The ban impacts some of the largest asset managers and banks in the country including BlackRock, Wells Fargo, JPMorgan Chase, Bank of America and State Street. BlackRock alone reported in April that it has a staggering $9.1 trillion in assets under management. Oklahoma's actions come three months after Russ sent a letter and questionnaire to dozens of banks and financial institutions on Feb. 1, asking about theirpolicies. Russ noted at the time that BlackRock manages more than 60% of the Oklahoma Public Employees Retirement System.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines