Reported about 1 month ago
BlackRock has urged the FDIC to withdraw a proposed regulation that would impose restrictions on money managers' investments in banks. The company argues that the changes could destabilize index funds, raise capital costs for banks, and create regulatory uncertainties, which could ultimately harm the economy. BlackRock claims such oversight is unwarranted and could lead to adverse impacts on liquidity and stock prices for bank securities.
Source: YAHOO