BlackRock, MSCI being investigated by House Select Committee on China
The House of Representatives’ Select Committee on the Chinese Communist Party filed a letter Monday announcing a probe into asset management titan BlackRock.
GOP attacks Blackrock as Fink pivots on ESG
Congressman Bill Huizenga (R-MI), today sent letters to ten of the largest asset managers requesting how the investing giants balance their ESG initiatives with investor returns.
BlackRock gives proxy vote to retail investors of its biggest ETF
On Monday, BlackRock announced that U.S. retail investors of its largest exchange-traded fund will now have an opportunity to cast a proxy vote in the 2024 voting season.
BlackRock's Bitcoin spot ETF will ‘democratize’ crypto: CEO Larry Fink
BlackRock CEO Larry Fink says investors are at a disadvantage without a proper Bitcoin exchange-traded-fund and his firm is hoping the SEC will feel the same way.
BlackRock's Larry Fink on why he won't mention ESG anymore: 'It's been weaponized by left and right'
BlackRock asset management CEO Larry Fink sounded off on 'The Claman Countdown,' saying he will no longer use the term ESG due to its hyper-politicization.
PacWest sells loan portfolio for over $3.5B
PacWest Bancorp confirmed on Monday the sale of a $3.54 billion loan portfolio to asset firm Ares Management after the LA-based bank began selling real estate loans in May.
Republican attorneys general move to block BlackRock’s ESG push
More than a dozen Republican state attorneys general filed a motion with a key federal energy regulator seeking to block BlackRock from pushing an ESG agenda on utility companies.
FDIC enlists BlackRock to clean up banking castoffs
The FDIC enlisted BlackRock's Financial Market Advisory unit to help sell off $114 billion in leftover assets from recently failed banks, a role the influential firm has played before.
BlackRock internship discriminates under ‘guise’ of equity: complaint
America First Legal Foundation issued a civil rights complaint against asset management company BlackRock for allegedly violating the law by engaging in discriminatory hiring.
BlackRock CEO Larry Fink predicts number of total Federal Reserve interest rate increases
Larry Fink, the CEO of BlackRock, predicted how many more times the Federal Reserve will raise interest rates while speaking to "The Claman Countdown."
Vanguard narrows ETF gap with BlackRock
The Vanguard Group pulled in a net $25.7 billion into its exchange-traded (ETF) fund over the first quarter, fed by $19.1 billion of flows into its equity products.
BlackRock’s bond chief says Fed will continue with rate hikes then pause
BlackRock's global fixed income CIO Rick Rieder said on "The Claman Countdown" that the Federal Reserve will continue to raise interest rates before pausing to see if inflation abates.
Will the Fed cut interest rates this year? BlackRock warns it's unlikely
The Federal Reserve has made it clear that a banking sector crisis will not force its hand on interest rate cuts in 2023, according to BlackRock analysts.
BlackRock's Fink asks whether 'dominoes starting to fall' after 'years of easy money'
BlackRock founder Larry Fink asked in his annual letter released Wednesday whether the "dominoes are starting to fall" after "years of easy money" due to fiscal and monetary policies.
Pro-ESG Chuck Schumer was top recipient of BlackRock donations in 2022
Senate Majority Leader Chuck Schumer, D-N.Y., was the top recipient of political donations from BlackRock, a leading investment firm advocating for environmental, social and governance investing.
Bond yield nears 4% for 10-year Treasury, 2-year nears 2007 high
The 10-year and 2-year U.S. Treasury yields are up on Tuesday as Wall Street traders consider the potential of additional rate hikes from the U.S. Federal Reserve.
BlackRock sustainability chief Bodnar to join Bezos Earth Fund - memo
An ESG advocate at BlackRock is leaving to join Jeff Bezos', the founder of Amazon, Bezos Earth Fund which overseas the allocation of $10 billion in sustainability investment.
BlackRock CEO Larry Fink weighs in on recession probability, US debt default
BlackRock CEO Larry Fink weighed in on the probability of a recession and the risk of the U.S. government defaulting on its debt on "The Claman Countdown."
BlackRock, world’s largest asset manager, buys stake in small-business 401(k) startup
Five states, including California, Oregon and Illinois, started requiring many businesses to offer retirement plans or enroll workers in a state-run savings program, according to AARP.
BlackRock quarterly profit slips on lower fee income
Assets under management stood at $8.59 trillion at the end of the quarter, down from a little more than $10 trillion a year earlier but up from $7.96 trillion in the third quarter.