Business Standard

Amid Khashoggi crisis, Wall Street struggles between ethics, Saudi wealth

Many banks are still sending delegations in the hopes of minimising the damage to ties to the House of Saud

Jamal Khashoggi , journalist Jamal Khashoggi , saudi journalist, missing saudi journalist
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Jamal Khashoggi

Annie Massa & Sonali Basak | Bloomberg
As chief executive of the world's biggest asset manager, Larry Fink began the year with a call to the thousands of companies that the firm holds stakes in: Show how they make a "positive contribution to society". 

Now Fink's BlackRock Inc, overseeing more than $6 trillion of other people's money, is facing a comparable challenge, stuck between conscience and the implacable demands of the bottom line.

While BlackRock and the rest of the financial industry have targeted Saudi Arabia as a massive revenue generator, they were compelled to act in the wake of reports that US-based journalist Jamal Khashoggi was allegedly killed

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