Bill Gross thinks conditions are ripe for a liquidity crisis, and he points a finger at his old firm for its potential to be at the center of the storm.» Read More
U.S. banks are pushing for a delay of the reporting of corporate bond trades to avoid liquidity related issues.
BOSTON, April 22- State Street, which sold the first exchange-traded fund in 1993, is falling flat in its bid to win back market share in the ETF industry by wooing advisers to retail investors, with many advisers saying the bank doesn't do enough to support them. State Street, which lost its long-time No. 2 spot among ETF providers in the first quarter to Vanguard...
Gold is being replaced as a store of wealth by a new breed of investments, according to BlackRock CEO Laurence D. Fink. Here's where the rich are stashing their wealth.
Color Genomics plans to charge only $249 for an analysis of cancer-risk genes. New York Times reports.
*Aberdeen worried about some speculative activity in China stocks. *BlackRock: China needs more reforms to avert boom-bust scenarios. SINGAPORE, April 21- Aberdeen Asset Management's head of Asian operations warned on Tuesday that Chinese money was moving "a bit like a casino" in domestic stock markets, while BlackRock called on China to reform its capital...
The U.S. Securities and Exchange Commission said Monday that BlackRock Advisors LLC breached its fiduciary duties to clients by failing to disclose that Daniel Rice, who oversaw some energy funds and separate accounts, was running a family-owned oil and natural gas company that ultimately became the largest holding of a fund he ran for BlackRock.
April 20- BlackRock Inc, one of the world's largest asset managers, agreed to pay $12 million to resolve U.S. Securities and Exchange Commission charges that a unit failed to disclose a conflict of interest created by the outside business activity of a top portfolio manager. The SEC on Monday said BlackRock Advisors LLC breached its fiduciary duties to clients...
Six companies belonging to the S&P 500, including Home Depot and Wells Fargo, recorded higher profits for the past five years. USAToday reports.
Investors piled into safe harbors as fears rose over a Greek exit on Friday, sending bond yields tumbling.
U.S. stocks closed mildly lower as stocks struggled to hold gains from higher oil prices, amid investor focus on earnings.
April 16- BlackRock Inc said on Thursday it plans to beef up its quantitative investing team as the sector continued to outperform peers and reported its actively managed equity funds recorded the first inflows since 2013.. BlackRock, the world's largest money manager, also reported that first-quarter profit rose by 8.7 percent, and adjusted earnings topped...
U.S. stock index futures indicated a lower open, as financial earnings continue to dominate news flow and economic data continued to indicate tepid growth.
The pain created by low interest rates is misunderstood and not talked about enough, BlackRock CEO Laurence Fink tells CNBC.
Some of the names on the move ahead of the open.
April 16- BlackRock Inc, the world's largest money manager, said on Thursday that first- quarter profit rose by 8.7 percent, boosted by positive flows across asset classes. On an adjusted basis, BlackRock earned $4.89 per share, handily beating analysts' average estimate of $4.52, according to Thomson Reuters I/B/E/S. BlackRock saw $70.4 billion in long-term...
Larry Fink, BlackRock chairman & CEO, weighs in on fixed income investing.
Money is flowing to asset managers as low interest rates create challenges for investors, BlackRock chief Laurence Fink tells CNBC.
Larry Fink, BlackRock chairman & CEO, highlights the need for a long-term tax policy.
Larry Fink, BlackRock chairman & CEO, explains why companies need to focus on a long-term strategy.
April 16- BlackRock Inc, the world's largest money manager, reported an 8.7 percent rise in first-quarter profit, boosted by positive flows into its exchange-traded funds. On an adjusted basis, BlackRock earned $4.89 per share, handily beating analysts' average estimate of $4.52, according to Thomson Reuters I/B/E/S. Net inflows totaled $68.7 billion as...