According to a media report on Tuesday, the U.S. Federal Deposit Insurance Corporation (FDIC) is proposing new restrictions on investment firms BlackRock and Vanguard. The proposal aims to limit these firms’ ability to invest in U.S. banks. The FDIC’s concern centers around the influence that these large investment giants may have within the banking sector.
FDIC Targets BlackRock, Vanguard Over Investments in U.S. Banks
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