BlackRock and Vanguard own huge amounts of bank shares—but only one agrees with FDIC policy on undue influence
Vanguard has already signed an agreement with the FDIC while BlackRock is reportedly pushing to delay until the Trump ...
Vanguard takes steps to convince the government it's not too powerful
Vanguard Group's founder, the late John C. Bogle, predicted that a day would come when the Malvern investment giant and its ...
BlackRock assets hit record $11.6 trillion in fourth quarter
BlackRock posted a 21% fourth quarter jump in profit after buoyant equity markets increased income from fees and drove its ...
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FDIC eyes pact with BlackRock on passive investing
The regulator reportedly gave the asset manager a Jan. 10 deadline to agree to stricter oversight when holding a 10% or ...
BlackRock's Strong ETF Flows Propel AUM to $11.55 Trillion in 2024
ETF inflows powered the asset manager's full-year earnings results to the tune of $641 billion; meanwhile, a potential ...
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 the GOP prepares to take over all of ...
BlackRock executive Mark Wiedman to leave firm, sources say
Asset manager BlackRock's senior executive Mark Wiedman, who was touted to be a potential successor to CEO Larry Fink, is ...
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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 ...
The race to succeed Larry Fink just got a little more interesting as a top contender exits BlackRock
The BlackRock veteran Mark Wiedman is planning his exit from the firm, shaking up the race to succeed CEO Larry Fink.
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BlackRock Senior Executive Wiedman Is Departing After Two Decades
Mark Wiedman, one of BlackRock Inc.’s most senior executives and a potential successor to Chief Executive Officer Larry Fink, is leaving the world’s largest asset manager in a shuffle of its top ranks ...