Sunday, June 14, 2009

A Payday for Barclays's Diamond

A Payday for Barclays's Diamond

By SARA SCHAEFER MUñOZ

London

More than 400 top executives at Barclays PLC will pocket a total of £380 million, or $630.3 million, from the sale of the bank's money-management arm to BlackRock Inc.



BlackRock lands BGI funds, Barclays boosts capital

By Svea Herbst-Bayliss and Steve Slater
Fri Jun 12, 2009

BOSTON/LONDON (Reuters) - BlackRock Inc, the fund manager that has been one of the biggest winners of the credit crunch, has snapped up Barclays Global Investors for $13.5 billion in a deal creating the world's largest money manager.



Independence becoming de rigueur

By Pauline Skypala
June 14 2009

It’s official: independence is a key attribute for asset managers. The combination of BlackRock and Barclays Global Investors, announced last Friday, was driven as much by this consideration as by Barclays’ need for cash to strengthen its capital base, according to Bob Diamond, president of Barclays Bank and chairman of Barclays Global Investors.



How Barclays complements BlackRock

Kathleen Pender
Sunday, June 14, 2009

San Francisco's Barclays Global Investors has become the world's largest investment manager, yet it has never been master of its own destiny.



Fink says BlackRock won't raise iShares ETF fees

By John Spence

BOSTON (MarketWatch) -- BlackRock Inc. (BLK 176.56, -6.04, -3.31%) Chief Executive Laurence Fink on Friday told Fox Business he has no plans to raise expense ratios at Barclays Global Investors' lineup of exchange-traded funds.



Video: Inside Look - BlackRock Buys Barclays Fund Unit For $13.5B - Bloomberg


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