$1000 Invested In BlackRock 20 Years Ago Would Be Worth This Much Today
Have BlackRock Insiders Been Selling Stock?
The Federal Deposit Insurance Corporation of USA is strengthening its scrutiny on BlackRock and Vanguard's holdings in banks.
BlackRock and Vanguard Group are facing another round of review by the US Federal Deposit Insurance Corporation (FDIC) to prevent banks with a large number of shareholdings from being influenced by large asset management companies. According to sources, the FDIC sent letters to both companies last week requesting details of their bank investments and evidence that they are passive shareholders. Some sources said that the letter from the FDIC made asset management companies aware that holding more than 10% of the shares in a bank under FDIC supervision could lead to stricter regulatory measures. The designation of passive shareholders is very important and can allow for bank investments.
The mysterious investor who bet $2.7 billion on US bonds has appeared and said that the US economy is approaching recession.
As early as June, a mysterious investor made a record-breaking bet on long-term US bonds, causing waves in the ETF market and trading professionals to search for clues to explore the direction of Wall Street. Now, the big name behind this bet has been revealed and he has stated that his economic recession expectations have finally paid off. On Tuesday, Brent Schutte of Northwestern Mutual Wealth Management stated that it was his company that invested $2.7 billion in BlackRock's exchange-traded fund (code: TLT) for US bonds with a maturity period of over 20 years on June 24.
BlackRock Inc (BLK) CEO Laurence Fink Sells 29,450 Shares
Tips for Investors Considering 'Buffer' ETFs to Protect Against Stock-market Selloffs
