BlackRock Faces New Deadline From US Regulator Over Bank Stakes
- Firm has fresh demand from FDIC over its stakes in banks
- Move comes after BlackRock failed to meet a January deadline
The Blackrock headquarters in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
BlackRock Inc. is facing a new demand from a top US regulator over its stakes in banks after the asset manager failed to meet a January deadline and pushed to delay talks into the Trump administration.
The Federal Deposit Insurance Corp. granted a fresh deadline of Feb. 10 to resolve an issue regarding oversight of the firm’s stakes in banks, according to three people with knowledge of the matter.