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BlackRock CEO Larry Fink: The idea that money managers like us are not heavily regulated 'must be coming from bankers'

5 days ago   |   By Business Insider

Summary List Placement BlackRock is a titan of investing, unparalleled in its scale and influence as a money manager. It has avoided the same scrutiny as Wall Street banking giants, even if just by the Federal Reserve, that came out of the global financial crisis as villainized and more supervised.
But the idea that it has escaped the close eye from regulatory bodies in the US or abroad is flawed, BlackRock Chief Executive Larry Fink said Thursday as he defended his firm's place in the industry on a call with analysts.
"It does feel like after being pretty quiet and dormant for a bunch of...
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Trump bank regulator incurs Wall Street ire on his way out the door

Trump bank regulator incurs Wall Street ire on his way out the door

5 days ago   |   By CNBC

The Office of the Comptroller of the Currency finalizes a controversial rule about bank lending and financial services that a Wall Street strongly opposes.
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Billionaire Jack Ma appears to have resurfaced in a quick 50-second...

Billionaire Jack Ma appears to have resurfaced in a quick 50-second videoconference clip, according to Chinese-owned media

Summary List Placement Chinese billionaire businessman Jack Ma appeared during a videoconference on Wednesday after weeks of speculation about his whereabouts , according to a... Read more ...

Photos show what DC looks like a day before Biden's inauguration

Photos show what DC looks like a day before Biden's inauguration

Summary List Placement Inauguration Day 2021 is unlike those in the past. President-elect Joe Biden and VP-elect Kamala Harris will be sworn in amid a coronavirus pandemic that... Read more ...

Whitmer proposes $5.6B plan to combat, recover from virus

Whitmer proposes $5.6B plan to combat, recover from virus

LANSING, Mich. - Gov. Gretchen Whitmer on Tuesday unveiled a $5.6 billion plan to combat and recover from the coronavirus pandemic, proposing the use of billions in federal... Read more ...

Japan shares fall on pandemic worries as rest of Asia rises

Japan shares fall on pandemic worries as rest of Asia rises

TOKYO - Asian shares were mostly higher Wednesday, ahead of Joe Biden's inauguration as U.S. president. Japan's benchmark lost early gains as worries grew about the surge in... Read more ...

The Latest: Hawaii says scarcity hinders vaccination efforts

The Latest: Hawaii says scarcity hinders vaccination efforts

HONOLULU - Hawaii's leaders say limited supply is the main thing constraining distribution of the coronavirus vaccine in the state. Read more ...

How Moderna is working with Dell's Boomi to become more efficient as races...

How Moderna is working with Dell's Boomi to become more efficient as races to distribute its COVID-19 vaccine

Summary List Placement In recent months, Moderna has been ramping up operations as it rolls out and distributes its much-awaited coronavirus vaccine. Behind the scenes... Read more ...

Goldman Sachs shows best-in-decade performance as underwriting profits more...

Goldman Sachs shows best-in-decade performance as underwriting profits more than DOUBLE in last quarter of 2020

Goldman Sachs Group made an exceptionally strong performance in the last quarter of 2020, raking in more than double the profits compared to the previous year despite global... Read more ...

EXCLUSIVE: Oracle created a new cloud and AI org, and an exec once under...

EXCLUSIVE: Oracle created a new cloud and AI org, and an exec once under consideration for co-CEO has stepped back in to lead it

Summary List Placement Oracle has formed a new cloud and artificial intelligence organization, and executive VP Don Johnson - the former Oracle Cloud Infrastructure boss once... Read more ...

The Latest: Lack of supply snags W.Va. vaccination campaign

The Latest: Lack of supply snags W.Va. vaccination campaign

CHARLESTON, W.Va. - West Virginia's speedy coronavirus vaccination drive is facing a roadblock, with state leaders saying they didn't receive an expected increase in doses this... Read more ...

Indiana governor touts COVID-19 recovery in State of State

Indiana governor touts COVID-19 recovery in State of State

INDIANAPOLIS - Gov. Eric Holcomb touted Indiana as rebounding from the COVID-19 pandemic and called during the annual State of the State speech Tuesday night for the... Read more ...