US Turns to Familiar Name to Clean Up $114 Billion Banking Mess: BlackRock
- FDIC counts on Larry Fink to pick up after SVB, Signature
- The challenge: Unloading investments without ruffling markets
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Once again, Washington is turning to its favorite Wall Street cleaning crew to pick up after the US banking industry.
After almost two months of smoldering turmoil in the banking sector — and investors worrying there could be more trouble ahead — BlackRock Inc. has only just begun its work.