0 minute readBank of America Corp and PNC Financial Services Group may be forced to sell their stakes in asset manager BlackRock under far-reaching rules proposed last week by the Basel Committee of Bank Supervision. The rules, known as the Basel III capital requirements, would effectively prevent banks from holding big stakes in other companies.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio