Coinbase Stock Soars as Crypto Exchange Forms Partnership With BlackRock

Text size BlackRock is partnering with Coinbase to offer Bitcoin trading services. Michael Nagle/Bloomberg BlackRock is partnering with Coinbase Global to offer Bitcoin trading services to institutional clients, representing a push into cryptocurrencies for the world’s largest asset manager and a ringing endorsement for the embattled crypto exchange. Institutional investors who use BlackRock ’s Aladdin … Read more

Listen: Where BlackRock iShares boss says ETFs are going next

The rise of passive investments has come to define asset management in recent years. A surge of interest has seen flows into ETFs spike. The global market could top $15tn within three years, according to some estimates. But in an increasingly crowded space, where will things head next? Few are better placed to answer that question … Read more

Why BlackRock is bullish on blockchain, but not bitcoin

BlackRock has no plans to launch a bitcoin product, but is bullish on the blockchain technology that underpins cryptocurrencies, according to one of its most senior executives. “In terms of the underlying technology of blockchain, it is incredibly innovative and incredibly disruptive,” Salim Ramji, global head of iShares and index investments at BlackRock told Financial … Read more

BlackRock exec’s warning: ‘Game over’ for fund manager pay rises

Fund management professionals have been warned that soaring pay and bonuses prompted by an escalating war for talent could soon come to an abrupt end. “The war for talent is real, but some of the pricing that people have been banding around for talent is about to change in a meaningful way,” said Edwin Conway, … Read more

UAE’s Etisalat Pays $4.4 Billion for Nearly 10% of Vodafone

Etisalat offered about £130 ($159 dollars) a share, according to Bloomberg calculations. That’s a premium of about 10% to Vodafone’s £117.82 closing price Friday. The purchase makes Etisalat Vodafone’s largest shareholder, ahead of BlackRock Inc., the Vanguard Group Inc., and HSBC Holdings Plc, according to Bloomberg data. 

Larry Fink says globalization is over — Here’s what it means for the markets

BlackRock founder Larry Fink declared that the Russia-Ukraine war is bringing the era of globalization to an end, but investors should keep in mind that the global economy and the financial system can’t turn on a dime, analysts say. “There is a lot of talk about countries going back to local production and the era … Read more

The world’s largest asset manager and a big bond fund are reported to be early losers from the war in Ukraine

As Wall Street assesses the damage to balance sheets resulting from Russia’s invasion of Ukraine, the world’s largest asset manager and a big bond fund are reported to be early losers. BlackRock BLK, -1.46%, the world’s largest asset manager, has taken about $17bn in losses on its Russian holdings because of the attack on Ukraine, … Read more

SEC holds talks with fund managers facing Russia exit troubles

Russia’s invasion of Ukraine has created a conundrum for US investment firms, pressuring them to unload Russian securities when the country’s stock market is closed and foreigners are blocked from selling shares there. In response to sanctions and other steps the US and other countries have taken to punish Russia, the Moscow exchange suspended stock trading every day … Read more