Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»Vanguard reaches deal with US bank regulator over control of bank stakes
Finance

Vanguard reaches deal with US bank regulator over control of bank stakes

December 28, 2024No Comments1 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Vanguard reaches deal with US bank regulator over control of bank stakes
Share
Facebook Twitter LinkedIn Pinterest Email

(Reuters) -The U.S. Federal Deposit Insurance coverage Company (FDIC) mentioned on Friday it has struck a passivity settlement with Vanguard, to assist the regulator higher monitor the cash supervisor’s pursuits in massive banks.

In line with the deal, Vanguard is strictly prohibited from participating in actions that affect the administration or insurance policies of establishments regulated by the FDIC, or their subsidiaries.

Via “passivity agreements,” buyers decide to regulators that they won’t exert affect on the banks wherein they’ve a stake.

FDIC will now monitor Vanguard’s funding actions, particularly any casual interactions Vanguard has with the administration of FDIC-regulated banks.

“Vanguard is constructed round passive investing and has lengthy been dedicated to working constructively with policymakers to make sure that passive means passive,” a Vanguard spokesperson mentioned.

(Reporting by Prakhar Srivastava in Bengaluru; Modifying by Shinjini Ganguli)

Source link

bank control deal reaches regulator stakes Vanguard
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Goldman Sachs says deal outlook is good, but timing is uncertain

May 29, 2025

How All-Time Highs Impact Short-Term Stock Performance

May 29, 2025

China’s EV price war is heating up. What’s behind the big discounts?

May 29, 2025

Bank fraud amount jumps by three times to Rs 36,014 crore in FY25: RBI | Business News

May 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

US concerns over trade deficit should not hinder India–US trade talks: Aggarwal | India News

May 29, 2025

Your newborn’s brain, lungs, and heart could have microplastics; here’s how it can affect their health over the years | Health News

May 29, 2025

Qualifying order for Cracker Barrel 400 at Nashville Speedway

May 29, 2025

French MPs vote to scrap low-emission zones in blow to Macron

May 29, 2025
Popular Post

The One Act Lily Phillips Refuses To Do with Her Sex Partners

GeForce NOW adds 18 games for the month of March, 3 this week

“J6 Praying Grandma” avoids jail for entering U.S. Capitol on Jan. 6

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.