The Latest Breaking News from Vanguard

On December 2, the Federal Reserve’s board of governors released its proposed rule on climate risks for big banks, including its proposed environmental stress tests. The board asked for public comments:

Vanguard, the world’s second-largest asset manager, announced it is resigning from a global net-zero initiative

It’s been a tough couple weeks for BlackRock Inc., the world’s largest money manager, which endured fresh blows from Republican officials sharply critical of ESG.

Kentucky AG Cameron claims ‘victory’ over Vanguard’s decision to leave climate initiative

That was quite the bill of particulars that Mark Brnovich and Doug Peterson laid against BlackRock, the world's largest money management firm, back in August.

One week after 13 Republican state attorneys general asked federal energy officials to consider blocking Vanguard Group from buying utility stocks because of its relationships with anti-coal and anti-natural gas activists, the Malvern, Pennsylvania-based investment giant has pulled out of an international group committed to reducing net greenhouse gas emissions…

Vanguard Group, the investment giant whose offices in Malvern, Pennsylvania, have been targeted by environmentalists demanding it pressure companies to stop burning carbon fuels, now faces backlash from states who say its efforts to address climate change threaten investment profits for pension funds and other clients.

Last week, the state of Florida, at the direction of Governor Ron DeSantis (R) and State Chief Financial Officer (CFO) Jimmy Patronis, became the latest state to divest funds from BlackRock over its sustainability and ESG policies:

After charities experienced a gangbuster year in 2021 with record donations, philanthropic experts say that charitable giving is likely to plateau or decline this year after the stock market's prolonged downturn.

Vanguard Australia has been fined for describing investments in cigarette and tobacco sales in potentially misleading ways.

So would you like to gamble with your superannuation savings? Go down to the casino and put it all on red?