U.S.-headquartered multinational investment management corporation
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BlackRock, Inc. is an American global investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with $7.4 trillion in assets under management as of end-Q4 2019. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power, and the sheer size and scope of its financial assets and activities, BlackRock has been called the world's largest shadow bank.
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Does BlackRock have the world's toughest rules on romance?It's not just the flings with colleagues, BlackRock wants to know who you are dating outside the office too.
Wall Street, China getting closer despite tensions in tech industry: The EconomistLONDON, Sept. 8 (Xinhua) -- Although tensions between the United States and China in technology industry continue to grow, "Wall Street and China are getting closer," The Economist magazine reported...
BlackRock & Vanguard hold $ 250 Million in BitcoinThis week it was announced that the world’s largest business intelligence company had bought over 21,000 Bitcoins for just under 250 million US dollars. MicroStrategy, a company listed on the Nasdaq..
BlackRock focuses on China credit, oil and travel in AsiaThe world's biggest asset manager, BlackRock Inc, called out oil stocks, domestic tourism and debt in China and India as investment opportunities in its Asia outlook on Wednesday.
U.S. charges ousted Hollywood executive with defrauding pandemic loan program, BlackRock fundU.S. prosecutors have charged the recently ousted owner of a Hollywood movie distributor with defrauding a federal coronavirus emergency relief program and a BlackRock Inc investment fund, including to..
U.S. charges Hollywood film distributor with defrauding BlackRock fundU.S. prosecutors on Friday charged the founder and former owner of a Hollywood movie production and distribution company with defrauding a BlackRock Inc investment fund out of about $14 million to pay..
Presidential hopeful Warren latest to press BlackRock on climateU.S. Senator Elizabeth Warren, one of several vying to be the Democratic party's presidential nominee, this week pressed the world's largest asset manager for details on its recent vows to take more..
BlackRock, partners eye initial $500 million for climate fundA BlackRock-backed group aims to raise an initial $500 million for a private equity fund that will invest in climate change-linked infrastructure upgrades in emerging markets.
Davos 2020 Climate Finance Partnership Press ReleaseDAVOS, Switzerland--(BUSINESS WIRE)--Jan 22, 2020-- Parties to the Climate Finance Partnership (CFP) have taken another step forward in their partnership to accelerate the flow of capital into..
BlackRock profit beats estimates as assets top $7 trillionBlackRock Inc , the world's largest asset manager, beat analysts' estimates for quarterly profit on Wednesday, helped by strong flows into its exchange-traded fund business that boosted overall assets..
BlackRock CEO Fink: Investors not 'overzealous' on equities despite rallyEven as the stock market enjoyed a sharp rally recently, many of BlackRock's clients were under-invested in equities and remained heavily oriented towards fixed-income securities, BlackRock Inc Chief..
BlackRock CEO Fink sees no extreme client positioning in equitiesEven as the stock market enjoyed a sharp rally recently, many of BlackRock's clients were under-invested in equities and remained heavily oriented towards fixed-income securities, BlackRock Inc Chief..
BlackRock profit beats as exchange-traded funds boomBlackRock, the world's largest asset manager, beat analysts' estimates for quarterly profit on Wednesday, as more money rolled into its cash management business and exchange-traded funds amid concerns..
Also reported by •Reuters
BlackRock posts 40% jump in quarterly profitBlackRock Inc , the world's largest asset manager, reported a 40.3% rise in fourth-quarter profit on Wednesday, as more money rolled into its low-risk exchange-traded funds and cash management business..
World’s largest asset manager shifts focus to climate changeNEW YORK — BlackRock, the world’s largest asset manager, will make climate change central to its investment decisions. Founder and CEO Laurence Fink, who oversees the management of about $7..
Pensions: legion critique from the medal of Jean-François CirelliThe president’s marketing to France of this BlackRock investment is criticized by opponents associated with the reform as proof a collusion of passions. A "unfounded controversy". Attacked for their..
BlackRock, Temasek to take majority stake in wealth management JV with CCB: sourcesU.S. asset manager BlackRock Inc, Singapore state investor Temasek Holdings (Pte) Ltd and China Construction Bank Corp (CCB) have agreed to set up a wealth management joint venture in China, said..
BlackRock global active equities chief to leave firm over relationship with colleagueMark Wiseman, global head of active equities at BlackRock Inc , is leaving the firm following a violation of the company's "relationships at work policy," the world's largest asset manager said in an..
Protesters Slam BlackRock for Investing in Coal and OilIn New York, about 200 protesters rallied at the headquarters of BlackRock Tuesday, calling on the investment giant to end its support for fossil fuels and companies driving deforestation. BlackRock is..
Climate change activists target BlackRock in LondonClimate activists targeted BlackRock, the world's biggest asset manager, in London on Monday, demanding that major financial institutions starve fossil fuel companies of the money they need to build..
Also reported by •Reuters
BlackRock bets on the circular economy with new fundBlackRock , the world's largest asset manager, is actively investing in companies including Adidas , Tomra and Ball Corp through a new circular economy fund that bets on sustainable business.
Shut Down DC is back and they're protesting outside EPA, Trump Hotel and Wells FargoClimate change activists on Friday protested outside the Trump Hotel, the EPA, Wells Fargo Bank and BlackRock in Washington, D.C.
BlackRock becomes Authentic Brands' largest shareholder with $875 million stakeBlackRock Inc's new private equity fund Long Term Private Capital (LTPC) has completed its maiden investment, taking up an $875 million stake in Authentic Brands Group LLC, making it the largest..
What could a Refinitiv deal do for London Stock Exchange shares?At the risk of stating the obvious, a stock exchange is a place that facilities the buying and selling of shares. It makes its money primarily through listing fees and trade commissions. This was..
Exclusive: BlackRock in talks to take over Cofense after U.S. security concerns - sourcesBlackRock Inc , an investor in Cofense Inc, is in advanced talks to take over the U.S. cyber security firm, after a U.S. national security panel asked buyout firm Pamplona Capital Management LLP to..
BlackRock's global research chief explains why the stock market's principal driver just changed — and breaks down how investors should adjust to the big shiftOne of the outcomes of the Great Recession has been a preoccupation with what will trigger the next big crisis. The issue of where we are in the cycle, what might trigger the next recession, and what..