Blackrock to Sell $114 Billion It Amassed From Failed Banks

Blackrock to Sell $114 Billion It Amassed From Failed Banks

THE SIGNAL

(Bloomberg) — BlackRock Inc. was hired by US regulators to help sell $114 billion in securities it amassed from failed lenders Signature Bank and Silicon Valley Bank, returning the asset-manager to its role as an adviser to the government in times of crisis.Most Read from BloombergThe firm will conduct sales of $27 billion in securities from Signature and $87 billion from SVB Financial Group’s Silicon Valley Bank, the Federal Deposit Insurance Corp. said in a statement Wednesday. The holdings are mostly agency mor …

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