Page 8 - Blackrock

BlackRock, Mustier's blank-check firm eye Credit Suisse fund management arm

ZURICH (Reuters) - BlackRock and Jean-Pierre Mustier's blank-check firm are among investors expressing interest in Credit Suisse's asset management arm, three sources told Reuters, as the Swiss lender explores options for the unit after a run of costly scandals.

BlackRock, others' risks should be studied carefully: US Treasury Secretary

Treasury Secretary said it's important to "look carefully" at systemic risks posed by asset managers but designating them as systematically important financial institutions may not be right approach

BlackRock hires law firm for review after latest exec conduct complaints

BlackRock said it's hiring a law firm to conduct an internal review after a trade publication report detailed new employee complaints about the conduct of executives, including senior leader Wiedman

Gold 'failing' as equity hedge, faces risks: Global money manager BlackRock

Bullion is proving to be a less effective hedge against moves in other assets, such as stocks, as well as inflation, according to Russ Koesterich, portfolio manager for BlackRock

BlackRock CEO Larry Fink says bullish on outlook for green investment

He was speaking remotely at the Future Investment Initiative (FII) conference in Riyadh

BlackRock raps board of world's biggest glove maker over worker safety

The board of directors of Malaysian firm Top Glove has failed egregiously in protecting its workers from Covid-19, US investor BlackRock said, calling for its removal

BlackRock to double number of firms it engages with over climate in 2021

BlackRock said it would more than double the number of companies it engages with over climate-related issues to over 1,000 and laid out stronger goals on other fronts for portfolio firms

US, Norwegian investors pressure SBI over loan to Adani mine in Australia

Officials from New York-based BlackRock Inc. and Norway's Storebrand ASA have contacted the State Bank of India, which is majority-owned by the Indian government, about the loan.

Bandhan Bank says will tap rural markets to stay as most profitable lender

Despite the rise in repayments, the ongoing coronavirus pandemic could slow Bandhan's loan growth to 20% this year

BlackRock downgrades US Treasuries, upgrades peers ahead of election

"Markets are increasingly reflecting a unified Democratic government outcome that may lead to a significant fiscal expansion," Blackrock said

Stressed funds set to make beeline for India on spike in Covid-driven NPAs

Bankers expect bad debt worth $35 bn to be up for grabs, in addition to $110 bn already in the system; Blackrock, SBI Cap, Brookfield eyeing stressed assets

Argentina reaches $65-billion debt restructuring deal after default.

The agreement is the product of months of talks between the government and large investment firms

BlackRock, three others buy $1.4 billion of Bandhan Bank shares

Bandhan Bank's shares plunged 10.5 per cent on Monday after the transaction, its biggest loss since March 30. They were up as much as 2 per cent on Tuesday

Planning to subscribe SBI Cards IPO? Here's all you need to know

Unlike others of its kind, the subscription window for the IPO will remain open for 4 days, which will be from March 2 to March 5

We will be India's largest renewable energy player in 2020: Adani Group

The group would invest 70 per cent of its capital expenditure in clean energy and energy efficient systems, declared chairman Gautam Adani

Indian cos may take a hit as BlackRock moves away from coal-based firms

BlackRock's alternatives business will make 'no future direct investments in companies that generate more than 25 per cent of their revenues from thermal coal production'

BlackRock sees growth edging higher in 2020, limiting recession risks

BlackRock said it was turning neutral on US equities after their stellar performance this year, and was modestly underweight on European equities and European government bonds

Mark Wiseman likely to leave BlackRock over alleged policy violation

Wiseman was one of several people tipped as Larry Fink's possible successors

BlackRock names Manish Mehta global head of human resources: Report

Following Smith's departure, BlackRock Chief Executive Larry Fink met with a number of internal and external candidates before settling on Mehta, Fink said in the memo

World's biggest money manager keen to add to its holdings of Indian bonds

Rupee debt sold off in the past two months, the longest run of losses in a year, after the government's surprise $20 billion tax cut sparked fears of missing deficit targets