BlackRock Tasked With Cleaning Up Banking Mess
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BlackRock, the world's largest asset manager, also plays a less heralded role in the financial services industry: emergency plumber.
Following the collapse of Silicon Valley Bank and Signature Bank, the FDIC has found itself a reluctant owner of some $114 billion worth of securities. But everything must go, and the agency has recruited BlackRock's Financial Markets Advisory (FMA) unit to help find some willing buyers.
Source Fool.com
Blackrock Inc. Stock
€705.50
-0.030%
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