Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
BlackRock
Companies and corporations

BlackRock Investment Company: a reputable player on the market

17.10.2020
2 min read

History of appearance and peculiarities of BlackRock activity

BlackRock is the world’s largest investment company trusted by international corporations to manage assets. It also owns a credit rating, which is compiled for countries. BlackRock employs about 9 thousand people, who operate with assets worth about 4.5 trillion dollars.
The company was founded by businessmen Robert Capito and Lawrence Fink in 1988. BlackRock is represented in 100 countries, and one of the shareholders is the Bank of America. In addition, the companies attribute a close relationship with the U.S. Treasury Department, the Federal Reserve and the European Central Bank. BlackRock owns shares of well-known corporations – Adidas, Siemens and BMW.
The company was founded as an investment division of Blackstone. Initially it was involved in securities management, but after the acquisition of iShares, which was owned by Barclays, BlackRock had a new round of development. The company became in demand when the financial crisis hit the market. That’s when it started providing advisory services to government organizations and central banks. But not everyone liked it. A private firm that is an adviser to government agencies is always a conflict of interest. Exchange-traded investment funds are a threat. In times of crisis, they can influence the situation by exacerbating the processes. However, BlackRock has managed to avoid all accusations, mainly due to its influential shareholders.

BlackRock

BlackRock became an independent company in 1992, the reason for separation from Blackstone according to the official version were business disputes. After that a new chapter in the development of the company began. In 1994, the services of specialists BlackRock resorted to General Electric Corporation, which wanted to prepare for the sale of mortgage securities of the scandalous bank Kidder Peabody. The company coped with this job perfectly, and since then, the company has not had any large customers.
Pittsburgh PNC Bank bought back the company that was owned by Blackstone. After the company was listed on the stock exchange in 1999, PNC became a major shareholder. Three years later, the capital of BlackRock increased almost twice, thanks to which it took 5th place in the rating of investment companies represented on the stock exchange.
The main activity of the company for a long time remained bonds, and even the collapse of dotcoms did not reduce the position of BlackRock.
The company is actively operating in Europe. In 2010 it was engaged in analysis of financial institutions in Ireland, in 2011 it made recommendations to improve the functioning of Greek banks. BlackRock decided how much money the EU should allocate to support the country’s banking system.
Now the investment company is a reputable organization worldwide and manages the assets of giants in the market.

Tags: Companies and corporations
0
Previous Post What does the OFZ market expect in the next quarter Next Post Carlos Helu: The path to success for the richest man in Mexico

You Might Also Like

Longines
Companies and corporations
History of the Swiss watch brand Longines
01.02.2025
Inditex
Companies and corporations
A fashion corporation Inditex and its brands
16.01.2023
ING
Companies and corporations
ING Banking Group: the history of its foundation and development
08.05.2023
Dow Chemical Company
Companies and corporations
Chemical industry giant: The Dow Chemical Company
14.02.2021
Berkshire Hathaway Inc
Companies and corporations
Berkshire Hathaway Inc: evolution from a textile manufacture to an investment holding company
26.11.2020
WalMart
Companies and corporations
How the world’s largest retail chain WalMart appeared: the story of its founding
16.08.2022

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Analysts: Egypt’s economy to continue falling in 2023
  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics