Charlie Gasparino, Steve Lisman and others, discuss in this clip Larry Fink’s new status in Wall Street. U.S. financial management fund Blackrock (BLK) announced yesterday the biggest takeover in the asset management industry. Fink’s Blackrock confirmed on Thursday the acquisition of BGI (Barclays Global Investors) from British company Barclays for $13.5 bln, making them the world leader for asset management.
In anticipation of its BGI acquisition, Blackrock retained in April of this year the services of Washington lobbyists to help the management giant negotiate its way through the complexities of new regulations that are expected to come out of the Beltway. According to the Washington Examiner, Blackrock hired Quinn & Gillespie as its lobbying firm, with Clinton White House Counsel Jack Quinn and former top GOP Senate staffer David Hoppe on the account.
