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INX:BLK, Jul 15, 11:06 UTC

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Monday, July 13


News

BlackRock to Participate in a Bank of America Fireside Chat on July 27th

BLK

BlackRock to Participate in a Bank of America Fireside Chat on July 27th. NEW YORK--(BUSINESS WIRE)--BlackRock, Inc. (NYSE:BLK) today announced that Edwin Conway, Global Head of BlackRock Alternative Investors, is scheduled to speak in a live webcast fireside chat with Bank of America on July 27th, 2020, beginning at approximately 1:00 p.m. A live audio webcast will be accessible via the “Investor Relations” section of BlackRock’s website, www.blackrock.com. BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of March 31, 2020, the firm managed approximately $6.47 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock.

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News

Citi signs onto BlackRock’s Aladdin platform to boost fund services

C BLK

‘Connecting Aladdin Provider to our data integration and delivery framework, Clarity, is a continuation of our commitment to deliver meaningful data and analytics that help clients reduce operating costs and extract actionable insights from their data,’ said Fiona Horsewill, head of global digital and data strategy for Citi custody and fund services. Citi’s custody and fund services business oversees $21.5 tn in assets across 63 markets. The group’s fund selection and manager research business suffered a major departure last week when it was revealed Aimei Zhong, Citi Private Bank’s global head of equity manager research, was leaving the firm after five years. Please check your inbox, we have emailed you a link to confirm your email address.

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News

Citi Announces Alliance with BlackRock to Enhance Securities Services for Mutual Clients

C BLK

Connecting to Aladdin Provider, Citi will provide outsourced middle office services directly on a client’s instance of Aladdin for seamless integration with their front office, from trade confirmation to post settlement reconciliation. In addition to funds managed by BlackRock, Citi also provides custody services to many asset managers on the Aladdin platform. "We are pleased to team up with Citi, one of the largest securities services firms, to deliver an integrated Aladdin-based operating model to our mutual clients," said Sudhir Nair, head of the Aladdin Business at BlackRock, adding "this integrated environment will allow for greater automation, data symmetry and streamlined communications between Citi and members of the Aladdin community." With over $21.5 trillion of assets under custody and administration and the industry-leading proprietary network spanning 63 markets1, Citi’s Custody and Fund Services business provides clients with in-depth local market expertise, advanced processing technologies and a wide range of fund services that can be tailored to meet clients’ needs.

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Sunday, July 12


News

RPT-Wall St Week Ahead-Investors await BlackRock earnings after blistering Q2 market rally

BLK

RPT-Wall St Week Ahead-Investors await BlackRock earnings after blistering Q2 market rally. (Reuters) - Investors will watch next week's earnings from BlackRock, the world's largest asset manager, for a snapshot of how the industry performed during the second quarter's dramatic rebound in global financial markets. The S&P 500 rose 20% in the second quarter after falling as much in the first three months of 2020 as the coronavirus pandemic slammed the economy. Since the performance of asset managers tends to be tied to how markets fare, investors see a range of risks ahead, including further acceleration of U.S. coronavirus cases and potential market volatility around the Nov. 3 presidential election. Still, "just on a market level, the asset managers are in much better shape coming out of the second quarter than they were coming out of the first quarter," said Macrae Sykes, global financial services sector analyst at Gabelli Funds.

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Saturday, July 11


News

Wall Street Week Ahead: Investors await BlackRock earnings after blistering second quarter market rally

BLK

Wall Street Week Ahead: Investors await BlackRock earnings after blistering second quarter market rally. NEW YORK (Reuters) - Investors will watch next week's earnings from BlackRock <BLK.N>, the world's largest asset manager, for a snapshot of how the industry performed during the second quarter's dramatic rebound in global financial markets. The S&P 500 <.SPX> rose 20% in the second quarter after falling as much in the first three months of 2020 as the coronavirus pandemic slammed the economy. Since the performance of asset managers tends to be tied to how markets fare, investors see a range of risks ahead, including further acceleration of U.S. coronavirus cases and potential market volatility around the Nov. 3 presidential election. Still, "just on a market level, the asset managers are inmuch better shape coming out of the second quarter than theywere coming out of the first quarter," said Macrae Sykes, global financial services sector analyst at Gabelli Funds.

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Friday, July 10


News

Wall Street Week Ahead: Investors await BlackRock earnings after blistering second quarter market rally

BLK

Wall Street Week Ahead: Investors await BlackRock earnings after blistering second quarter market rally. NEW YORK (Reuters) - Investors will watch next week's earnings from BlackRock, the world's largest asset manager, for a snapshot of how the industry performed during the second quarter's dramatic rebound in global financial markets. The S&P 500 rose 20% in the second quarter after falling as much in the first three months of 2020 as the coronavirus pandemic slammed the economy. Since the performance of asset managers tends to be tied to how markets fare, investors see a range of risks ahead, including further acceleration of U.S. coronavirus cases and potential market volatility around the Nov. 3 presidential election. Still, "just on a market level, the asset managers are inmuch better shape coming out of the second quarter than theywere coming out of the first quarter," said Macrae Sykes, global financial services sector analyst at Gabelli Funds.

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Thursday, July 09


News

Ageas and BlackRock: Transparency notification

BLK AGS

In accordance with the rules on financial transparency*, BlackRock has notified Ageas on 7 July 2020 that, on 3 July 2020, its interest has exceeded the legal threshold of 5% of the shares issued by Ageas. * article 14, paragraph 1 of the law of 2 May 2007 on disclosure of major holdings us provisions. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow. As one of Europe's larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, France, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors.

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Wednesday, July 08


News

EU investigates decision to hire BlackRock to advise on green rules for banks

BLK

EU investigates decision to hire BlackRock to advise on green rules for banks. BRUSSELS (Reuters) - The European Commission's decision to hire BlackRock , the world's largest asset manager, to advise it on new environmental rules for banks, has triggered an investigation by the European Ombudsman following complaints by several lawmakers and a civil group. The Change Finance coalition teamed up with 91 civil society bodies three months ago to urge the EU executive to annul the 280,000-euro ($315,868) contract because of potential conflicts of interest. "I have decided to pursue this inquiry to examine how the Commission assessed the risk of conflicts of interest posed by BlackRock Investment Managements bid, in relation to the specific tasks to be carried out under the study in question," ombudsman Emily O'Reilly said in a statement.

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Baystreet.ca - Vanguard ETF Flows Top BlackRock During Volatile First Half Of 2020

BLK

Vanguard ETF Flows Top BlackRock During Volatile First Half Of 2020. Vanguard Group’s U.S. Exchange Traded Funds (ETFs) attracted inflows of $89 billion U.S. in the first half of the year, surging ahead of industry leader BlackRock Inc. BlackRock took in an estimated $38 billion U.S., according to Bloomberg Intelligence data. Vanguard’s dominance contrasts with the first half of 2019, when BlackRock led its main rival by about $1.9 billion U.S. BlackRock became the fund industry leader with its acquisition of the iShares lineup more than a decade ago, but Bloomberg Intelligence analysts estimate it could be overtaken in size by Vanguard within 10 years — or faster in an extended downturn.

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Tuesday, July 07


News

Vanguard Trounces BlackRock for ETF Flows in Volatile Half

BLK

(Bloomberg) -- Vanguard Group’s U.S. exchange-traded funds attracted inflows of about $89 billion in the first half, surging ahead of industry leader BlackRock Inc. in a volatile period. BlackRock took in an estimated $38 billion, according to Bloomberg Intelligence data, as market swings fueled by the coronavirus crisis spurred selling from the types of active traders who favor the iShares lineup. “Vanguard is more focused on these types of products which are designed to cater to long-term, buy-and-hold investors,” said Alex Bryan, director of passive strategies and research for North America at Morningstar Inc. It still reigns in assets, with iShares accounting for about 38% of the U.S. ETF market, compared with 27% for Vanguard’s offerings. And it hasn’t taken the fight for customers sitting down.

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