BlackRock Receives Deadline From FDIC for Passivity Agreement
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BlackRock has been given a deadline by the FDIC to accept a passivity agreement by January 10. This agreement will allow the FDIC to increase its scrutiny over BlackRock's investments in FDIC-regulated banks.
December 31, 2024 | 4:15 pm
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BlackRock has been given a deadline by the FDIC to accept a passivity agreement by January 10, which will allow the FDIC to increase scrutiny over its investments in FDIC-regulated banks.
The FDIC's deadline for BlackRock to accept a passivity agreement suggests increased regulatory scrutiny, which could impact BlackRock's investment strategies. However, the immediate financial impact on BlackRock's stock price is uncertain, as it depends on how the company adapts to these regulatory changes.
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