BlackRock (BLK) has made a request to the US Federal Deposit Insurance Corporation to extend a deadline for a new oversight agreement relating to its stakes in FDIC-regulated banks, media reports said Friday.
The asset manager asked the federal agency in a letter for an extension until at least March 31, reports said. BlackRock was originally due to sign an agreement by Friday, according to reports.
The agency is seeking to oversee the asset management firm's passive investments in federally insured and regulated banks.
The FDIC and BlackRock did not immediately reply to MT Newswires' requests for comment.
BLK shares were up 0.6% in recent premarket activity.
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