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 ...

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 ...

BlackRock (NYSE:BLK) has been given a new deadline to meet a demand by the Federal Deposit Insurance Corp. (FDIC) to resolve an issue over the oversight of the asset manager’s stakes in banks ...

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 ...

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. The Federal Deposit Insurance Corp. has extended until ...

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 ...

BlackRock faced a Friday deadline to sign an agreement with the FDIC, the federal agency that insures deposits and regulates financial institutions. In a letter to the agency, the company asked ...

Asset manager BlackRock, which today reported it's managing a record $11.6 trillion in assets, is reportedly delaying plans to sign an agreement with the FDIC that would provide the regulator with ...

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 ...