Investment giant BlackRock is unwinding its diversity and climate programs amid a broader retreat from such programs across the country in response to calls from Republicans. The New York-based global investment company recently bought the ports on either side of the Panama Canal in a $22.
A timeline of BlackRock's bid to distance itself from the social and environmental themes it once championed as political pressure piled on.
U.S. President Donald Trump has hailed a deal led by U.S. firm BlackRock to buy most of the $22.8 billion ports business of Hong Kong conglomerate CK Hutchison , including assets it holds along the Panama Canal.
They will be part of a March summit in Washington to address the issue, after BlackRock found one-third of Americans have no retirement savings.
Bank of America and BlackRock are scrapping mentions of diversity from their annual reports as scrutiny of DEI policies intensifies across Wall Street.
Filings reviewed by The Post show the firms have axed language that promoted the representation and participation of different minority groups.
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Irish Independent on MSNTrump hails 'reclaiming' of Panama Canal after BlackRock deal to buy stakeThe deal will give the US consortium control of key Panama Canal ports amid White House calls to remove them from what it says is Chinese ownership
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