The Latest Breaking News from State Street

The House Judiciary Committee issued more subpoenas last week in its ongoing investigation into whether some finance companies may have violated antitrust laws through their ESG investing practices. The subpoenas include requests for information from the heads of BlackRock and State Street, specifically.

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

What’s the best part of working at a global bank? Insiders often say it’s the work trips – sipping champagne on business class flights as you traverse the far corners of the world to seal billion-dollar deals.   

The Oklahoma Public Employees’ Retirement System (OPERS) recently voted to continue contracting with BlackRock and State Street—the managers of most of the state’s pension assets. Oklahoma Treasurer Todd Russ (R) published a letter arguing against the decision and saying it could violate state laws opposing ESG. OPERS last week responded…

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

The "Big Three" investors are taking the ES out of ESG.

MS stock tumbled Wednesday as Morgan Stanley's earnings beat wasn't enough to satisfy investors. State Street climbs even as profit falls.

Investors are big winners from price wars raging between ETF providers. That's especially true if you want to buy the S&P 500.

World's largest asset manager responds to ESG critics by allowing investors to vote proxies

The Big Three passive asset management firms—BlackRock, State Street, and Vanguard—have been criticized for using investors’ money in pursuit of political goals. The firms use the funds that they invest on behalf of their clients and vote the proxies that, outside of a pooled index or mutual fund, investors would…

Lawmakers express concerns over potential antitrust violations in firms' ESG initiatives