BlackRock has refuted claims that they are interested in a deal to salvage Credit Suisse, a Swiss-based global investment bank.
BlackRock is not buying Credit Suisse
Recent reports highlighted that BlackRock, a global investment company with over $10t in assets under management, was planning to acquire Credit Suisse, which is currently facing BlackRockBuyingCreditInterestedSuisse Read More
The CEO of Blackrock, the world’s largest asset manager, has warned about additional bank seizures and shutdowns that could result from regulatory changes in response to the failures of several major banks in the U.S. “It does seem inevitable that some banks will now need to pull back on lending BankBitcoinBlackRockCEOEconomicsNewsRegulatoryResultSeizuresShutdownsWarns Read More
The CEO of American investment company BlackRock, Larry Fink, highlighted the potential of digital assets and tokenization for the asset management industry in his annual chairman’s letter to the company. The letter was published on March 15 and addressed various topics of interest to the firm over the last year, including BitcoinBlackRockCEOcryptoexchangeDevelopedDigitalExchangesLaggingMarketsPayments Read More
The next Federal Reserve meeting slated to take place between March 21-22.
The world’s largest asset manager, BlackRock, has weighed in on the subject of interest rate hikes by the US federal reserve. According to BlackRock, upcoming federal reserve decisions are likely to see the rates increase by almost 6%. Per BlackRockContinueFederalHikingRatesReserve Read More
Stung first by 2022's bear market in crypto and then again in November thanks to its large deposit relationship with collapsed crypto exchange FTX, Silvergate shares were lower by about 90% on a year-over-year basis. They gained 9.96% in Tuesday trade, with most of the move higher coming after the BankBitcoinBlackRockBoostsCryptocryptoexchangeExchangesHigherMoveSharesSilvergateStake Read More
BlackRock is now providing Bitcoin exposure to the ordinary and passive investors of its Global Allocation Fund. Globally-renowned asset manager BlackRock (NYSE: BLK) has added Bitcoin (BTC) to its global allocation fund. Reports state that ordinary and passive investors can now gain BTC exposure via the BlackRock Global Allocation Fund. The highly coveted AddsAllocationBitcoinBlackRockFundGlobal Read More
BlackRock, which is Core Scientific's largest shareholder according to FactSet data, already held $37.9 million in secured convertible notes as of Wednesday. The latest $17 million is part of the new $75 million convertibles notes, which are part of Core's prearranged bankruptcy process, the filing says. In a prearranged bankruptcy, 17MBankruptBitcoinBlackRockCoreloanMinerScientific Read More
Blackrock, one of the largest asset management companies in the world, has warned that 2023 will be a year of recession different from other recessions in the past. As part of its recently issued 2023 Global Outlook report, Blackrock states that a new economic playbook is required in a world BitcoinBlackRockBullcryptoexchangeExchangesFinanceMarketsNewsRecessionReturningunprecedentedWarns Read More
Speaking at the New York Times Dealbook conference, Fink also said it looked like there were misbehaviors in FTX, but wouldn't speculate on whether BlackRock and venture-capital firm Sequoia, which had invested $214 million in FTX and has since marked that amount down to zero, were misled by FTX, Reuters BlackRockCEOFinkFirmFTXInvestedLarryReuters Read More