Summary: Russian retail brokerage Finam is launching investment products tied to BlackRock’s iShares Bitcoin Trust ETF (IBIT) for qualified investors in Russia, including structured notes denominated in Russian rubles with a yield up to 20% if the BTC ETF price exceeds the launch price.
Full articleSummary: A BlackRock fund forfeited a Shanghai office complex to Standard Chartered after failing to make a loan payment, signaling the impact of China's property downturn on even major financial institutions like BlackRock.
Full articleSummary: BlackRock, Inc. adjusted its voting rights in MaxCyte, Inc., impacting the distribution of voting influence in the company which may affect its strategic decisions and stakeholder engagement.
Full articleSummary: David Kennerley will replace Todd Foley as Kroger's chief financial officer, effective April 3.
Full articleSummary: BlackRock fund forfeited Shanghai office complex to Standard Chartered due to missed loan payment, reflecting China's property downturn. Global financial institutions are affected by the crisis. Prime office values in major Chinese cities have dropped significantly.
Full articleSummary: BlackRock World Mining Trust PLC reported unaudited net asset values at close of business on 11 February 2025.
Full articleSummary: Franklin Templeton's OnChain U.S. Government Money Fund FOBXX is now available on Solana as tokenized digital assets, competing with BlackRock's BUIDL on Ethereum. Solana's total value locked has reached $9 billion, positioning it as the second most valuable DeFi ecosystem after Ethereum. Tokenization market projects growth to $30 trillion by 2034.
Full articleSummary: Kroger names David Kennerley as new CFO, succeeding Todd Foley who held the position on an interim basis for nearly a year. Kennerley joins at a time when Kroger has been performing well financially despite recent failed merger with Albertsons.
Full articleSummary: David Kennerley is set to join The Kroger Co. as the new senior vice president and chief financial officer, succeeding Todd Foley who is retiring. Kennerley will start on March 10 and become CFO on April 3, bringing vast experience from his role as CFO of PepsiCo Europe since March 2020.
Full articleSummary: Anticipated acquisition by BlackRock, Inc. of Preqin Limited has been cleared by the CMA without the need for a phase 2 investigation under the Enterprise Act 2002.
Full articleSummary: BlackRock Municipal Income Fund, Inc. (MUI) shareholders approved proposals for the conversion of the Fund to an unlisted closed-end interval fund structure, expected to occur in the first quarter of 2025.
Full articleSummary: BlackRock listed distributions per share for multiple funds with estimated sources of the distributions, including net income, net realized short-term gains, net realized long-term gains, and return of capital. The distributions are subject to change based on the discretion of each fund's Board of Directors/Trustees.
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