|Day's range||8.05 - 8.05|
During the financial crisis, BlackRock bought Barclays’s investment arm BGI in 2009 for $15.2bn, a transformational deal that made it the world’s biggest asset manager with $2.7tn of assets. It spied a similar opportunity in Credit Suisse’s troubles. In addition to the BGI acquisition there was also the purchase of Merrill Lynch Investment Managers in 2006.
Plus, inside BlackRock’s warning to Silicon Valley Bank and Casino’s resident dealmaker makes another complicated M&A play
From Alexandra Mihailescu Cichon, Executive Vice-President, RepRisk, Former Sustainability Officer, Credit Suisse, Zurich, Switzerland