The Latest Breaking News from Larry Fink

BlackRock CEO Larry Fink, who faced intense backlash for championing ESG, says he’s ‘ashamed’ the topic has become politicized

The billionaire CEO of the world’s largest asset manager said ESG has become politically “weaponized.”

Fortune · Jun 26, 2023

BlackRock's Larry Fink: A.I. will solve low productivity, high inflation

“A.I. has the huge potential to increase productivity,” BlackRock's CEO said on the company's investor day.

Fortune · Jun 15, 2023

Commentary: California teaches Florida and Texas a lesson in ESG

Back in 2015 when California had the seventh-largest economy in the world, outperforming the rest of the US, economist Irena Asmundson attributed her native state's trajectory to a government increasingly in harmony with the diversity of its constituents. The cost of clean energy will “continue to fall” because of the…

Tribune News Service · May 24, 2023

The bank collapses triggered by SVB have uncanny parallels to the savings and loan crisis of the 1980s

“The arithmetic behind it was timeless," George Ball of Sanders Morris Harris told Fortune.

Fortune · Mar 21, 2023

BlackRock CEO Larry Fink walks tightrope on climate investing

In his annual letter, Fink places climate change as a somewhat lower priority than in year's past.

Axios · Mar 16, 2023

BlackRock's Larry Fink sees the possibility of a broader banking crisis on the horizon: 'Are the dominoes starting to fall?'

Larry Fink, chief of the largest asset managers in the world, compared the SVB fallout to a "slow rolling crisis" similar to the Savings and Loan crisis.

Fortune · Mar 15, 2023

SVB collapse may be start of ‘slow-rolling crisis’, warns BlackRock boss

Larry Fink tells investors more ‘shutdowns and seizures’ in US possible and predicts inflation and interest rates to rise

The Guardian - UK · Mar 15, 2023

Montana governor announces ban on ESG considerations in state investments

The office of Montana Gov. Greg Gianforte (R) released the following statement on January 18 announcing that Montana has joined several other states in prohibiting non-financial considerations, including considerations related to ESG, in the state’s investments:

Ballotpedia · Jan 24, 2023

Davos 2023: China reopening? Good for growth, but tread with caution

China's declaration that it is open for business was welcomed by attendees at the World Economic (WEF) as a likely boost to global growth, though many also expressed caution over how it could drive up global COVID-19 cases and inflation.

Reuters · Jan 20, 2023

Larry Fink, the face of ESG, says ‘the attacks are now personal’ for the first time in his career. ‘They are trying to demonize issues.’

“It’s hard—because it’s not business anymore, they’re doing it in a personal way,” Fink said at the World Economic Forum in Davos.

Fortune · Jan 17, 2023