A standoff between BlackRock and the FDIC is dragging into 2025 [Yahoo! Finance Canada]
Blackrock Health Sciences Trust (BME)
US:NYSE Investor Relations:
blackrock.com/investing/products/240227/blackrock-health-sciences-trust-usd-fund
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Source: Yahoo! Finance Canada
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 administration. The FDIC has asked BlackRock to sign by Jan. 10 a "passivity agreement" that would codify greater checks on the money manager's holdings of FDIC-supervised lenders, according to people familiar with the matter, pushing back a deadline that was previously Dec. 31 of this year. The agreement FDIC has asked BlackRock to sign is similar to one announced last week with another giant money manager, Vanguard Group, that imposes new compliance requirements when the manager amasses more than 10% of all outstanding stock in an FDIC-supervised bank. BlackRock, Inc. (BLK) BlackRock spent much of 2024 resisting the FDIC's push for greater oversight, denying that the asset manager exerts undue control over companies through its investment stewardship activities. As recently as Dec
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BME
Sec Filings
- 1/3/25 - Form SC
- 12/6/24 - Form 144
- 12/6/24 - Form 144
- BME's page on the SEC website