The regulator in August proposed amending the Change in Bank Control Act to require investors to seek its approval when acquiring a stake of 10% or more in FDIC-supervised institutions.
The proposal, delivered Oct. 4, would prevent BlackRock (BLK) and Vanguard from attempting to influence a bank's behavior, in ...
as the bitcoin price struggles. Last week, JPMorgan’s ethereum-based Onyx blockchain and the bank’s tokenized collateral network were used by BlackRock to tokenize shares in one of its money ...
BlackRock Inc. called on the Federal Deposit Insurance Corp. to promptly withdraw proposed restrictions on money managers’ stakes in lenders, contending the rule change would upend index funds, make ...
BlackRock Inc., the world’s largest asset manager, is in talks with billionaire Mukesh Ambani’s Jio Financial Services Ltd. to set up a private credit venture, aiming to tap the expanding ...