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

Image of BlackRock offices
Photo: Andrew Burton/Getty Images

Julie DiMauro

3 min read
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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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