Tag: black rock inc

  • Crunch time for talks with Credit Suisse as UBS seeks Swiss guarantees

    Talks about bailing out Credit Suisse rolled in on Sunday as UBS asked for $6 billion from the Swiss government to cover costs. UBS is under pressure from Swiss authorities to take over its local rival in order to bring the crisis under control, two people with knowledge of the matter said. Regulators want a […]

  • BlackRock denies report it is preparing a takeover bid for Credit Suisse

    BlackRock has denied a report that it is preparing a takeover bid for controversial Swiss lender Credit Suisse. The Financial Times had said the US asset manager was working on a bid to take over the bank, citing people familiar with the situation. UBS is also mooted as a potential buyer, with the FT reporting […]

  • BlackRock is not the ‘environmental police’

    Laurence “Larry” Fink, Chairman and CEO of BlackRock Inc., pauses as he speaks at the BlackRock Asia Media Forum in Hong Kong, China. Justin Kin | Bloomberg | Getty Images Wealth managers love Black rock are not “the environmental police,” Larry Fink said in his annual chairman letter to investors, published Wednesday. “As I have […]

  • What happened to Silvergate Capital? And why does it matter?

    Silvergate capital AND served as one of the most important banks for the crypto industry before it collapsed earlier this week. The news came just a week after the company delayed its annual report to the U.S. Securities and Exchange Commission, causing Silvergate Capital’s shares to collapse. Here’s a rundown of the timeline of what […]

  • GOP opposition has ties to Trump allies, wealthy donors

    At least half a dozen conservative groups target Wall Street asset managers, such as BlackRock, Vanguard and State Street, for their environmental, social and governance investment platforms. Some of the organizations sponsor, or attend events held by, an organization of state finance officers that has members who have moved assets formerly controlled by BlackRock. Cleta […]

  • Layoffs are on the rise, but some employers can’t hire fast enough

    Layoffs have recently expanded beyond tech giants like Microsoft and Amazon. Service businesses such as hospitality and restaurants have hired people to rebuild after the pandemic. The Fed is closely monitoring job and wage growth to curb inflation. A for rent sign hangs on the window of a Chipotle restaurant in New York, April 29, […]