published Mar 2nd 2017, 6:30 am, by Lisa Abramowicz (Bloomberg Gadfly) — Pressure is rising for the biggest asset managers to significantly change the way they do business. Behemoth investment firms, from Fidelity to Vanguard to BlackRock, are locked in fierce competition to attract assets, even if that means dropping

published Jun 9th 2016, 4:10 pm, by Elizabeth Campbell (Bloomberg) — Illinois had its bond ratings dropped to levels not seen for a U.S. state in over a decade because of a protracted political deadlock that’s left it veering toward its second straight year without a budget. Moody’s Investors Service

published Jun 6th 2016, 7:33 am, by Luke Kawa (Bloomberg) — The world’s governments are stepping up to the plate to relieve monetary policymakers of some of the burden of supporting persistently slow-growth economies, according to HSBC Holdings PLC. Around the world, government spending is poised to grow by more

©2016 Bloomberg News O4F1FH6TTDV2 (Bloomberg) — BlackRock Inc., the world’s largest money manager, says investors should pare their Treasury holdings because the U.S. will avoid a recession. “Economic indicators this week may show the U.S. economy experienced a mild slowdown but is not headed for a recession,” Richard Turnill, the global

©2015 Bloomberg News NN4H0M6KLVR4 (Bloomberg) — BlackRock Inc. agreed to pay $12 million to settle U.S. regulatory claims that it failed to disclose a conflict of interest of a top portfolio manager. Daniel J. Rice III, a former money manager, invested client money in a BlackRock fund that had a