Vanguard Reaches Agreement with US Regulator on Bank Stake Control
The U.S. Federal Deposit Insurance Corporation (FDIC) has reached an agreement with Vanguard to enhance the regulatory framework governing the firm’s investment activities in large U.S. financial institutions. This new arrangement, outlined in a statement released on Friday, grants the FDIC greater oversight of Vanguard’s investments and clarifies the rules surrounding passive investment in banks … Read more