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Regulators probe role and influence of largest asset managers in US banks

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Photo: Andrew Burton/Getty Images
Julie DiMauro profile image

Julie DiMauro

3 min read

Are asset management giants BlackRock, Vanguard and State Street sticking to their passive roles when it comes to investments in US banks?

The Federal Deposit Insurance Corp (FDIC) is considering a plan to ensure asset management giants BlackRock, Vanguard and State Street stick to their passive roles when it comes to investments in US banks, a senior regulatory official told the WSJ on Tuesday.

Jonathan McKernan, a board member of the

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