BlackRock, FDIC oversight talks hit new deadline to 10 February
This follows the asset manager's failure to meet an initial 10 January deadline and its unsuccessful request to extend discussions until 31 March.
BlackRock Stares Down FDIC Before Deadline Over Bank Stakes
BlackRock Inc. is resisting the Federal Deposit Insurance Corp.’s demands that the world’s largest asset manager submit to new oversight of its stakes in US banks, seeking to delay negotiations into the Trump administration.
Bank Regulator Gives BlackRock New Deadline on Bank Stakes, Bloomberg Reports
(Reuters) - The Federal Deposit Insurance Corporation gave a fresh deadline of Feb. 10 to BlackRock to resolve an issue regarding oversight into the firm's stock in banks, Bloomberg News reported on Sunday, citing three people with knowledge of the matter.
BlackRock wants FDIC to push back passivity agreement deadline to March
The asset manager’s head of U.S. regulatory affairs warned against “hastening the finalization of a completely new regulatory framework in a two-week period” in a letter to the regulator.
BlackRock Seeks to Push FDIC Bank Oversight Deadline to March
He said in the letter that BlackRock's understanding is that the agreement between the FDIC and Vanguard was reached only after several months of negotiation. An individual familiar with the matter said BlackRock's attempts in the final months of 2024 to meet with FDIC officials had been rebuffed.
BlackRock is trying to avoid the hot seat as GOP takes power
The world’s biggest money manager is trying to avoid some political headaches as Donald Trump and the GOP take over all of ...
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FDIC grants BlackRock extension to strike deal on bank control
The Federal Deposit Insurance Corp. granted nonbank investment firm BlackRock an extra month to come to an agreement with the ...
Black Rock latest to leave Net Zero Alliance
Blackrock Inc. is the latest to announce it has left a United Nations-backed Net-Zero Banking Alliance (NZBA), among several within one month and not soon after Donald Trump was elected president. It ...