BlackRock has become a "political punching bag" from forces on both ends of the spectrum.
Net flows into the company's long-term investment funds totaled $146 billion for the fourth quarter.
BlackRock plans to dismiss roughly 2.5% of its global workforce.
BlackRock is accused of favoring its ESG commitments at the expense of pension fund profits.
Louisiana says the asset manager's views on ESG hurt the state's energy industry.
The city's comptroller said he's concerned BlackRock is backtracking on its commitment to reducing carbon emissions.
T. Rowe's shares have tumbled more than 40% this year.
The investment giant said a provision on ESG disclosures could mislead investors.
The SEC's investigation delves into whether asset managers are making the proper disclosures to investors.
Wall Street's biggest players are deepening their involvement in the crypto industry.
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