Market Chatter: BlackRock Gets January Deadline to Accept FDIC Deal on Bank Investments

MT Newswires Live

Dec 31, 2024

BlackRock (BLK) was given until Jan. 10 to accept a deal allowing the Federal Deposit Insurance Corporation to increase its scrutiny of the asset manager's investments in FDIC-regulated banks, Reuters reported, citing a person familiar with the matter.

The regulator is looking for asset managers to adopt "passivity agreements," which increase its ability to monitor compliance with pledges not to influence the business decisions of FDIC-regulated banks they invest in, the report said.

BlackRock received a proposal from the FDIC that is worded "substantively the same" as a deal with investment manager Vanguard, the report said.

Neither BlackRock nor the FDIC immediately responded to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1670628061.USD","symbol_name":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2495691671","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2495691671","pubTimestamp":1735648177,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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