The Federal Deposit Insurance Corporation (FDIC) has issued a warning to major asset managers, including BlackRock and Vanguard, over their significant stakes in US banks. The notice highlights concerns about potential risks to the stability of the banking system if these investments are not properly managed. As the largest asset managers, their influence on the financial markets is substantial.

Source: https://www.bloomberg.com/news/newsletters/2024-10-24/fdic-puts-asset-managers-blackrock-vanguard-on-notice-over-bank-stakes