Republican state bans more than a dozen woke banks from doing business
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The ban impacts some of the largest asset managers and banks in the country including BlackRock, Wells Fargo, JPMorgan Chase, Bank of America and State Street. BlackRock alone reported in April that it has a staggering $9.1 trillion in assets under management. Oklahoma's actions come three months after Russ sent a letter and questionnaire to dozens of banks and financial institutions on Feb. 1, asking about theirpolicies. Russ noted at the time that BlackRock manages more than 60% of the Oklahoma Public Employees Retirement System.
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