Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Will PNC Break Up With BlackRock, Too? Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, August 17, 2010

Will PNC Break Up With BlackRock, Too?

News summary by MFWire's editors

Is BlackRock [see BlackRock profile here and iShares profile here] about to say goodbye to two giant banks who are shareholders? Yesterday the Wall Street Journal reported that Bank of America is mulling whether or not to sell some or all of its stake in the mutual fund firm (see The MFWire, 8/16/2010), and today TheStreet's Maria Woehr speculates that PNC, which holds a third of BlackRock's common stock, may also divest from the firm.

"It would absolutely make sense for PNC to consider this," NexGen Advisors principal Carla Zilka told TheStreet.

Similar to the WSJ's sources on the BofA story, CaseyQuick partner Ben Phillips told TheStreet that banks in general my need to reconsider their ownership of asset managers, thanks to new regulation. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use