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BlackRock ties pose challenges for incoming Biden team as two top officials will recuse themselves

BlackRock ties pose challenges for incoming Biden team as two top officials will recuse themselves
washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.

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Two Biden aides will recuse on BlackRock issues as past ties pose questions

Two Biden aides will recuse on BlackRock issues as past ties pose questions
Yeganeh Torbati
© Lucas Jackson/Reuters
In 2013, the asset management firm BlackRock unleashed a lobbying blitz to carpet-bomb a new Treasury Department agency, pushing federal regulators away from tightening requirements on its massive business lines.
In 2019, the company won again when the Trump administration cemented an approach that would essentially exempt large companies such as BlackRock from more scrutiny.
Now, however, the New York firm with $7.8 trillion in assets under management could face its biggest threat yet, with Democratic control of the White House and influential figures on the left bent on breaking Wall Street apart. ....

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