Bank of America has told U.S. regulators that it has met the final condition that was set on its plan to exit the government’s Troubled Asset Relief Program. BofA, which repaid $45 billion in TARP funds in December 2009, needed…
Carlos Slim, the world’s richest man, bought a stake in BlackRock Inc. (BLK), the world’s largest asset manager.
Mexican billionaire Slim bought a stake worth less than 2% of the asset manager, Bloomberg News reported. Slim spokesman Arturo Elias did…
Mizuho Financial Group (MFG), Japan’s third-largest bank, will take a $500 million stake in asset manager BlackRock Inc. (BLK)
Mizuho will buy a total of 3.07 million shares of BlackRock for $163 a share, Bloomberg News said. The purchases will give M…
Investment management giant BlackRock has sliced its Microsoft stake by almost 10%, joining several other large investors who took a machete to their holdings of the software giant this year as its share price significantly und…
BlackRock’s stock price fell sharply on Wednesday morning after the global investment management firm confirmed that Bank of America and PNC Financial Services would sell 42 million of its shares in a secondary offering.
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