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Investor advocates, religious groups and proponents of ESG investing argue the changes are a gift to business lobbyists that will muzzle corporate critics.

The company has been experimenting with ways to recruit more women and minorities, including a program to hire professionals who had left banking.

The agency has 90 days to review files and reach decisions.

Charles Scharf has since apologized that his comments in a virtual meeting this summer were "misinterpreted."

While some industry employees are eager for the normalcy of their offices, others are more reluctant as experts predict another rise in virus cases.

The industry’s largest money manager experienced record inflows to sustainable products in the first six months of the year.

BlackRock’s CEO said he fears big ideas and impromptu “water-cooler moments” will be lost as businesses operate remotely via video conference calls.

Chairman Jerome Powell and other officials have stressed that recovery is highly dependent on the nation’s ability to better control the coronavirus.

Work output was particularly affected on Mondays and Fridays, according to findings discussed by CEO Jamie Dimon in a private meeting with analysts.

Under the proposals, the top 0.1% of earners would be subject to a 43% tax rate on their income.