Finance

Good Day at BlackRock


To paraphrase a line from the late, great senator from Illinois, Everett Dirksen: A trillion here, a trillion there, pretty soon it adds up to real money. As in $2.7 trillion, the amount BlackRock ( (BLK)) will soon have under its purview, making it the world's biggest asset manager. On June 16 Barclays ( (BCS)) said it had accepted BlackRocks' $13.5 billion offer for Barclays Global Investors, home to the iShares family of exchange-traded funds. The money will bolster Barclays' capital levels and likely end worries it might have to be rescued by the British government.

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Companies Mentioned

  • BLK
    (BlackRock Inc)
    • $323.24 USD
    • -5.08
    • -1.57%
  • BCS
    (Barclays PLC)
    • $14.69 USD
    • -0.12
    • -0.82%
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