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Small Deposits: Vanguard under fire from state AGs; Chesco investment advisory sold

Small Deposits: Vanguard under fire from state AGs; Chesco investment advisory sold

A roundup of recent banking and finance news across Greater Philadelphia: A coalition of 13 Republican state attorneys general wants to stop Vanguard Group from buying shares in U.S. utilities companies due to the investment manager’s environmental, social and governance policies. The attorneys general filed a motion last week to the Federal Energy Regulatory Commission requesting it block Vanguard’s purchase.