BNI Financial News
08.12 / 10:31
Citi
JPMorgan
BlackRock
BNI
BNY
BlackRock to move $2tn away from State Street as JPMorgan, Citi and BNY set to benefit
BlackRock is pulling some $2tn of assets out of State Street’s safekeeping, a move that will reduce the investing firm’s reliance on a small number of parties and lower the fees it pays for back-office work.
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