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Jon McKernan: The FDIC will need to keep a close eye on any informal engagements Vanguard might have with management of FDIC-supervised banks.

Vanguard scores quick non-aggression pact with FDIC by surrendering proxy powers but analyst asks: 'Why die on that bridge?'

The Malvern, Pa. fund giant eased fears it might be forced to reduce its bank holdings, which would jeopardize the accuracy of its index fund tracking, but not before signing away much of its power to influence U.S. banks -- and accepting massive ongoing regulatory scrutiny.

December 29, 2024 at 9:49 PM

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