Bank regulator gives BlackRock January deadline on bank stakes

Business and Finance Business and Finance

Wed, January 1, 2025

[ 03:20 AM ] - MSN

IFC, ADB, DEC get CCI's clearance to acquire stake in Fourth Partner Energy

[ 01:00 AM ] - MSN

2025 Forecast: What's coming for the Indian economy in 2025 as it seeks more purple patches?

Tue, December 31, 2024

[ 10:20 PM ] - MSN

List of most controversial Kenyan govt projects, policies in 2024 including Adani deals

[ 08:20 PM ] - MSN

Taurus Yearly Horoscope 2025: Prosperity, Love, and Unexpected Surprises Await

[ 08:20 PM ] - MSN

Aries Yearly Horoscope 2025: Financial Breakthroughs and Challenges You Need to Know!

[ 08:01 PM ] - MSN

Bakery owner warns of devastating impact on small businesses if Trump's tax cuts aren't extended

[ 08:01 PM ] - Reuters

US files complaint against fintech app Dave and its CEO

[ 08:00 PM ] - MSN

Tariffs are mud in the gears of business, says Bleakley's Peter Boockvar

[ 06:20 PM ] - Forbes

The 2 Fastest-Growing Skills To Boost Salaries Up To 47% In 2025

[ 04:40 PM ] - Marketplace

"Cash stuffing" is the TikTok update to grandma's budgeting

[ 04:20 PM ] - MSN

Could France be a riskier bet than Croatia? The bond market will have a say in 2025

[ 02:41 PM ] - MSN

15 Banks and Credit Unions that Exchange Foreign Currencies

[ 02:20 PM ] - Tuko

Kenyans Pay More for Food, Cooking Gas in December as Inflation Rises

[ 02:00 PM ] - Investopedia

Fox/News Corp Battle: What Murdoch's Failed Power Play Means for Investors

[ 01:40 PM ] - Reuters

Maersk asks customers to remove cargo before potential strike at US ports

[ 12:20 PM ] - MSN

5 simple money resolutions I make every year that help me earn more, spend less, and build wealth

[ 12:00 PM ] - MSN

Unlock Your Destiny in 2025: Exclusive Sun Sign Predictions by Pt Umesh Chandra Pant

[ 11:00 AM ] - FTAdviser

Financial services recognised in New Year honours list

[ 10:40 AM ] - MSN

Interview: "Our finance-specific AI agents gain g .. ," say co-founders of AI search solutions startup

[ 10:00 AM ] - MSN

Small language models set to be the next big thing in AI

[ 07:20 AM ] - MSN

Former HSBC and Rolls-Royce bosses knighted

[ 06:00 AM ] - MSN

Rogers finally opens and spending: Five Newport storylines to watch in 2025

[ 05:40 AM ] - Kiplinger

Ignoring Your Company's Dress Code Can Get You Fired

[ 05:20 AM ] - Salon

5 thought-provoking books of 2024

[ 05:01 AM ] - MSN

Virgo Daily Horoscope Today (Aug 23- Sept 22) December 31, 2024: Communicate with clarity!

[ 04:40 AM ] - Reuters

Italian shoemaker Geox to invest $125 million in five-year plan

[ 02:00 AM ] - MSN

Aries Daily Horoscope Today (Mar 21 - April 19), December 31, 2024: Confidence will stay high!

[ 12:20 AM ] - MSN

Cash advance firm sues Mike Lindell for refusing to pay back $1.5 million loan

Mon, December 30, 2024

[ 09:40 PM ] - MSN

Treasury small business ownership rule on hold as court eyes constitutionality

[ 08:00 PM ] - Reuters

Bank regulator gives BlackRock January deadline on bank stakes

^{Published on 2024-12-30 20:00:50 - Reuters}

The U.S. Federal Deposit Insurance Corporation has told asset manager BlackRock it has until Jan. 10 to accept an agreement that would allow the agency to step up scrutiny of its investments in FDIC-regulated banking institutions,

The U.S. Federal Reserve has set a deadline of January 2025 for BlackRock to reduce its stakes in banks to comply with regulations that limit ownership in banks to 24.9% for non-banks. This decision follows BlackRock's acquisition of a 25% stake in a bank, which was initially approved with the condition that the stake would be reduced within a specified timeframe. The move is part of broader regulatory efforts to ensure that no single entity has excessive control over financial institutions, thereby maintaining stability and competition in the banking sector. BlackRock, one of the world's largest asset managers, has been given until January 8, 2025, to adjust its holdings accordingly.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/bank-regulator-gives-blackrock-january-deadline-bank-stakes-2024-12-30/ ]

Contributing Sources

Reuters

N@N

Bank regulator gives BlackRock January deadline on bank stakes