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Jonathan Holtaway: This one has some legs.

FDIC bid to strip BlackRock and Vanguard of superpower 'has legs' and reckoning may start with curbs on self-certification of passive index funds

The bank deposit insurer could make the $17-trillion ETF power bloc lose the ability to self-certify as 'passive' funds because their sheer scale could make them an active menace to the banking regulator, at least in this political climate.

April 25, 2024 at 1:29 AM

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April 25, 2024 at 1:29 AM

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