As chairman and chief executive officer of BlackRock Inc., Larry Fink controls more money than Germany has gross domestic product.
In June 2008, American International Group Inc. was desperately trying to figure out what to do with its $80 billion in money-losing credit-default swaps, which were backed by mortgages. Then Larry Fink came calling.
BlackRock Inc., the world’s largest asset manager, stands to benefit as banks shrink their market- making role in over-the-counter fixed-income trading, Chief Executive Officer Larry Fink said.
Dec. 11 (Bloomberg) -- Blackrock CEO Larry Fink discusses HSBC's money laundering settlement. He speaks on Bloomberg Television's "Market Makers." (Source: Bloomberg)
"The current retirement savings systems is not working, and that's becoming a crisis as Americans who make it to 65 in good health are now living at least two more decades. Longevity should be a blessing, but if you have not planned for it, you're going to work much longer than you ever dreamed of doing. Or you better be good to your children because you're probably going to be living with them."
- Larry Fink on Sep 22, 2013