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BlackRock Receives Deadline From FDIC for Passivity Agreement
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The FDIC requires Blackrock (BLK.US) to accept the banking stockholding regulatory agreement before January 10.
The FDIC in the USA sent a letter to Blackrock urging acceptance of regulatory oversight without interfering in bank business.
BlackRock Faces Jan. 10 Deadline For Compliance Over Bank Stakes As FDIC Scrutinizes Investor Power: Report
The FDIC has sent a letter to Blackrock (BLK.US) urging acceptance of non-interference in Banking regulation.
According to a report by Reuters, the Federal Deposit Insurance Corporation (FDIC) in the USA sent a letter to the Asset Management company Blackrock (BLK.US), requesting that they accept an agreement with the authorities by the 10th of next month, allowing the authorities to regulate their investments in banks regulated by the FDIC. The authorities reached a similar agreement with Vanguard last Friday (27th), requiring Vanguard to become a passive investor in FDIC-regulated banks. It is reported that Blackrock received the latest proposal from the authorities last Friday, just under an hour after the authorities announced the agreement with Vanguard, and the proposal is very similar to the agreement text between the authorities and Vanguard.
Express News | The German electric vertical takeoff and landing aircraft company Volocopter has filed for bankruptcy, having previously received investments from Geely and Mercedes-Benz.
Express News | Market News: Blackrock and the USA Federal Deposit Insurance Corporation will have a conflict over bank equity in early 2025.
Express News | BlackRock and Fdic on Course for Early 2025 Clash Over Bank Stakes -FT
Express News | Blackrock increased its shareholding by approximately 13.24 million shares of LI NING Listed in Hong Kong, raising its shareholding ratio to 5.06%.
Express News | Hong Kong Stock Exchange: On December 25, Blackrock's long position in LI NING increased from 4.55% to 5.06%.
BlackRock Cuts Back on Board Diversity Push in Proxy-Vote Guidelines -- Barrons.com
Express News | The regulatory authorities of the US banking industry have reached an agreement with Vanguard Group to strengthen control over its holdings in banks.
Express News | Blackrock and Fidelity collectively bought over 0.1 million Ethereum this week, valued at approximately 0.34 billion dollars.
Express News | Blackrock has reduced its voting rights in Daimler Trucks to 3.54%.
BlackRock Canada Announces Final December Cash Distributions for the IShares ETFs
Express News | According to data disclosed by Arkham, Blackrock's Ethereum ETF has purchased Ethereum worth $3.5 billion as of today.
Express News | HKEX: On December 24, Blackrock's long position in Vanke Listed in Hong Kong decreased from 5.13% to 4.47% on HKEX.