BlackRock, a major investment firm, has led opposition against new US limits on bank ownership. The move aims to restrict foreign control over US banks and prevent potential risks to the financial system. The proposed rules would require foreign investors to obtain a special license to own more than 25% of a US bank's shares.

Source: https://www.ft.com/content/2201dc05-f7d0-4756-a71f-f01107320e2a