News Topic: BlackRock

Flush with capital from the sale of its stake in BlackRock, PNC is willing to go big on an acquisition but would be wary of buying a bank with a heavy concentration of consumer loans, CEO William Demchak said. ... Read full article

The Pittsburgh company’s sale of its stake in the asset manager yielded billions of dollars that could cushion the pandemic’s economic blow and eventually help fund a big acquisition. ... Read full article

The Pittsburgh company has owned a 22% position in the money manager since 1995. ... Read full article

Firm “hopes to crowdsource new uses for” its pricing and analysis system; the system could be put on a device and used anywhere to cut down on fraud. ... Read full article

Housing and auto sales are just the first sectors to feel pain from rising rates; BlackRock may have identified its next CEO. ... Read full article

Jonathan Gould, the committee's chief counsel, has been hired by the Office of the Comptroller of the Currency as senior deputy comptroller and chief counsel. ... Read full article

The digital customer experience is getting better. Firms should take notice. ... Read full article

The money manager plans a big expansion in Atlanta; agency makes now rare determination that debt-collection practices were “abusive.” ... Read full article

Financial firms need to focus developer teams on creating products, not fixing legacy IT issues and bad code. ... Read full article

Analytics for retirement readiness. ... Read full article

Panelists: Hollie Fagan, Managing Director, BlackRock; Estee Jimerson, Managing Director – Head of Asset Manager Distribution & Engagement, Envestnet; Kunal Kapoor, CFA, Chief Executive Officer, Morningstar; Natalie Wolfsen, EVP and Chief Solutions ... Read full article

Venu Krishnamurthy is joining the asset management giant at a time when it is reorganizing itself and tinkering with product offerings to ward off fintechs and other challengers. ... Read full article

The bank, in conjunction with iCapital Network, is slashing requirements to participate in certain alternative investments that it once offered mainly to institutions or the ultrarich. ... Read full article

There's no reason that today's millennial-friendly microinvesting apps can't switch focus from spare change to real assets, industry executives warn. ... Read full article