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BlackRock savings initiative expands with 5 new firms
BlackRock savings initiative expands with 5 new firms
Signage is displayed at the entrance to BlackRock Inc. headquarters in New York.
BlackRock Inc. s industry initiative to help low- and moderate-income Americans set aside emergency savings is picking up momentum as it expands its circle of corporate partners.
The money manager enlisted five new companies to join its Emergency Savings Initiative, a $50 million philanthropic commitment made in 2019 to help struggling Americans build a financial safety net.
The newcomers to the initiative are payroll services company ADP LLC, consumer electronics retailer Best Buy Co. Inc., financial technology company Self Financial Inc., regional bank Truist Financial Corp., and digital bank Varo Bank NA.