FDIC Officials Seek More Sway Over Passive Bank Investments [Yahoo! Finance]
BlackRock, Inc. (BLK)
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Source: Yahoo! Finance
Most Read from Bloomberg US Economy Slows and Inflation Jumps, Damping Soft-Landing Hopes Malaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest City Biden's Gains Against Trump Vanish on Deep Economic Pessimism, Poll Shows Zuckerberg Asks for Patience as Meta's AI Push Spooks Market How to Get a Meeting With the UAE's $1.5 Trillion Man The regulator debated on Thursday competing proposals to bolster scrutiny of influence that investment companies exert over bank holding companies. Ultimately, the FDIC tabled both plans but signaled it would seek more say over a contentious area that's historically been handled by the Federal Reserve. The power that big asset managers like BlackRock Inc. and Vanguard Group Inc. could have over companies in which they invest has become a focus in Washington. The Fed grants permission for fund managers to exceed a 10% ownership stake if they pledge to be “passive” investors. The effort at the FDIC dovetails with a plan i
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Earnings
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Sec Filings
- 5/3/24 - Form DEFA14A
- 5/1/24 - Form PX14A6G
- 4/30/24 - Form PX14A6G
- BLK's page on the SEC website