BlackRock Inc. and Fidelity Investments will be studied by U.S. regulators who are in the early stages of reviewing whether asset managers pose a potential risk to the financial system, two people with knowledge of the matter said.
British businessman Victor Dahdaleh paid about 40 million pounds ($64 million) in bribes to the former chairman and chief executive officer of Bahrain’s state- owned aluminum producer, a prosecutor said.
BlackRock Inc.’s Chris Leavy, who’s been charged with improving the performance of the firm’s active stock funds, is taking medical leave starting today to treat his diabetes and a related cardiovascular condition.
The Treasury Department said money managers could pose threats to the U.S. financial system when reaching for higher returns, herding into popular asset classes or amplifying price movements with leverage.
Mobileye NV, a company whose Israeli- developed technology helps stop car accidents, added five investors, including U.S. global asset managers and a Chinese firm, in a $400 million sale of equity that is a step toward an initial public offering.
Mark McCombe, BlackRock Inc.’s Asia- Pacific chairman, told Royal Bank of Scotland Group Plc he isn’t interested in the chief executive officer position and plans to stay at the world’s biggest money manager, according to a BlackRock spokesman.