BlackRock and FDIC on course for early 2025 clash over bank stakes

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US watchdog gives BlackRock early Jan deadline over bank stakes (NYSE:BLK)

US regulator Federal Deposit Insurance Corporation ((FDIC)) has set a deadline of January 10 for BlackRock (BLK)

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BlackRock Faces Jan. 10 Deadline For Compliance Over Bank Stakes As FDIC Scrutinizes Investor Power: Report - BlackRock (NYSE:BLK), iShares U.S. Financial ETF (ARCA:IYF)

The Federal Deposit Insurance Corporation and BlackRock Inc. (NYSE: BLK) are heading toward a critical January 10 deadline over new compliance measures affecting the asset manager's holdings in U.S. banks, marking a significant development in the ongoing debate over institutional investor influence in the banking sector.

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BlackRock and FDIC on course for early 2025 clash over bank stakes

US watchdog is seeking greater scrutiny over asset management giant’s vast holdings in lenders

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A little more oxygen to continue renegotiating the conditions. The Spanish startup Job&Talent has reached an agreement with Blackrock to extend the maturity of its loan of 385 million dollars (370 million euros to change) until August 2026. This is the second extension achieved by the temporary work platform. It will have a little more margin to renegotiate conditions that with the rise in interest rates represent an important financial effort. …

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Bank regulator gives BlackRock January deadline on bank stakes

THE US Federal Deposit Insurance Corporation has told asset manager BlackRock it has until Jan 10 to accept an agreement that would allow the agency to step up scrutiny of its investments in FDIC-regulated banking institutions, according to a person familiar with the matter.

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Banking regulator gives BlackRock January deadline for bank stakes

2024-12-31 03:45:12 : (Reuters) – The U.S. Federal Deposit Insurance Corporation has told asset manager BlackRock that it must accept an agreement by Jan. 10 that would allow the agency to strengthen its oversight of the FDIC, according to a person familiar with the matter. Reviews of institutional investments by banks are familiar with the matter. On Friday, the FDIC said Vanguard tightens rules asset managers must follow as passive inv…