BlackRock hit by $52B withdrawal from single client

https://www.thetimes.com/business-money/companies/article/blackrock-hit-by-52bn-withdrawal-from-single-client-kmsmg87jc

by alexcos • 1 year ago

11 6 1 year ago

thetimes.com

alexcos• 1 year ago

Non-paywall: https://archive.ph/yek4E

zingerlio• 1 year ago

Are they going to pay tax on the withdrawal? No way to avoid it, right?

dcrazy• 1 year ago

Depends on the fund’s structure and its performance. For all we know the investor was in the red.

6Az4Mj4D• 1 year ago

Some account manager is going to have bad annual performance review.

derelicta• 1 year ago

Nationalise BlackRock already

mass_and_energy• 1 year ago

This might be a bit of an oversimplification, but, if a bank robbery was committed and it came to light that an individual or party was the financier, they too would be investigated and likely charged.

In this case, Black Rock funds war crimes in China and Israel. Shouldn't they too be held accountable, as the financier??

BlackRock hit by $52B withdrawal from single client

Related Stories