The FDIC demands enhanced oversight over BlackRock's influence in FDIC-supervised banks, akin to a Vanguard agreement.

The FDIC is pressing BlackRock to accept enhanced oversight when it owns more than 10% of shares in FDIC-supervised banks, similar to a deal with Vanguard. If BlackRock fails to agree by January, it could disrupt capital flow and challenge existing regulations. This move reflects increased scrutiny of major asset managers' influence in the financial sector, with the FDIC aiming to prevent any undue influence over bank decisions.

3 months ago
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