[Reuters] – BlackRock Inc, a money manager that has long worked with the largest U.S. financial institutions, is now turning to the country’s smaller banks, where it sees a promising market for exchange-traded corporate bond funds. The roughly 7,000 regional and community banks across the country have securities portfolios totaling some $1.5 trillion, a majority of which are in mortgage-backed securities, according to BlackRock’s own estimates. That concentration might make them … [visit site to read more]
BlackRock Inc. (NYSE:BLK) ~ BlackRock turns to regional and community banks in ETF push
November 14, 2013 at 07:30 AM EST
[Reuters] – BlackRock Inc, a money manager that has long worked with the largest U.S. financial institutions, is now turning to the country’s smaller banks, where it sees a promising market for exchange-traded . . . → Read More: BlackRock Inc. (NYSE:BLK) ~ BlackRock turns to regional and community banks in ETF push Similar posts: Is too much Fed medicine starting to make the banks sick? Warning: 5,291 banks and thrifts are weak! What to do … Grizzly Bear turns Bullish: The Safest Way to Wade Back In
