{"id":13676,"date":"2023-04-17T21:05:49","date_gmt":"2023-04-17T21:05:49","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/blackrock-to-kick-off\/"},"modified":"2023-04-17T21:06:57","modified_gmt":"2023-04-17T21:06:57","slug":"blackrock-to-kick-off","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/blackrock-to-kick-off\/","title":{"rendered":"BlackRock to kick off sales of securities of failed banks &#8211; Bloomberg News"},"content":{"rendered":"<p>(Reuters) -Asset manager BlackRock Inc is launching a months-long process on Tuesday to help the Federal Deposit Insurance Corp offload $114 billion of assets it picked up recently from failed banks, Bloomberg News reported on Monday, citing emails. <\/p>\n<p>Earlier this month, the Federal Deposit Insurance Corp (FDIC) retained BlackRock&#8217;s unit to sell the securities portfolios it kept in receivership after the collapse of Signature Bank and Silicon Valley Bank. <\/p>\n<p>BlackRock&#8217;s financial markets advisory unit will conduct sales of the two portfolios with face values of nearly $27 billion and $8 billion, according to FDIC&#8217;s website. <\/p>\n<p>It also plans to hold auctions of other securitized pools of assets including residential mortgage-backed securities that aren&#8217;t backed by government agencies, as well as collateralized mortgage obligations, according to a separate note seen by Bloomberg. <\/p>\n<p>The asset manager declined to comment. <\/p>\n<p> (Reporting by Mehnaz Yasmin in Bengaluru; Editing by Krishna Chandra Eluri and Anil D&#8217;Silva)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/blackrock-to-kick-off\/people-are-seen-in-front-of-a-showroom-that-hosts\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3G0R5-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3G0R5-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -Asset manager BlackRock Inc is launching a months-long process on Tuesday to help the Federal Deposit Insurance Corp offload $114 billion of assets it picked up recently from failed banks, Bloomberg News reported on Monday, citing emails. Earlier this month, the Federal Deposit Insurance Corp (FDIC) retained BlackRock&#8217;s unit to sell the securities portfolios [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":13677,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-13676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3G0R5-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/13676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=13676"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/13676\/revisions"}],"predecessor-version":[{"id":13718,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/13676\/revisions\/13718"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/13677"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=13676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=13676"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=13676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}