Pence to comply with DoJ subpoena for special counsel probe

Regulators have appointed BlackRock’s advisory arm to help sell a $114bn portfolio of securities inherited in the takeovers of Silicon Valley Bank and Signature Bank when the pair collapsed within days of each other in March.

The fate of the holdings, which consist of mortgage-backed securities, collateralised mortgage obligations and commercial mortgage-backed securities, have rattled bond markets, which feared the Federal Deposit Insurance Corporation could choose to dump the portfolio, denting prices.

The regulator said on Wednesday, however, that sales would be “gradual and orderly, and would aim to minimise the potential for any adverse impact on market functioning by taking into account daily liquidity and trading conditions”.

Articles You May Like

Best Housewarming Gifts: Tech Gifts And Gadgets For the Home
Britain needs a new public body to spur productivity
SEC seeks public input on Franklin Templeton, Hashdex Bitcoin ETFs
The investing world reacts to death of Berkshire legend Charlie Munger
How Munger and Buffett’s 60-year partnership was so special: ‘Charlie and I have never had an argument’