The FDIC has asked BlackRock to sign by Jan. 10 a so-called "passivity agreement" that would codify greater checks on the money manager’s holdings of FDIC-supervised lenders, according to people ...

The Federal Deposit Insurance Corp. has given asset manager BlackRock a one month extension to enter into an agreement regarding the controlling power of its stakes in FDIC-regulated banks. The ...

The move came after the regulator requested information from BlackRock, State Street Global Advisors, and Vanguard in August. (In July, the FDIC board approved proposals to amend changes to the ...

In late December, Vanguard Investments hammered out terms of such a passivity agreement with the FDIC, which immediately afterward asked BlackRock to sign a very similar agreement by the Friday ...

Vanguard has already signed an agreement with the FDIC while BlackRock is reportedly pushing to delay until the Trump administration takes over later this month.

The FDIC had set a Jan. 10 deadline for BlackRock to sign an agreement. But in a letter to the agency, the company asked for an extension until at least March 31, saying it had only two weeks to ...

With Vanguard more in check, the FDIC is pressuring fellow asset manager BlackRock to sign a similar agreement by Jan. 10. Less than an hour after the Vanguard deal was made public, BlackRock ...

He said in the letter that BlackRock's understanding is that the agreement between the FDIC and Vanguard was reached only after several months of negotiation. An individual familiar with the matter ...

A clash between BlackRock (BLK) and the Federal Deposit Insurance Corporation (FDIC) over the money manager’s holdings of US banks will now play out in the waning days of President Joe Biden’s ...