Credit Fraud Fears Loom After BlackRock’s HPS Zeros Out Bad Loan
The ink was barely dry on BlackRock Inc.’s $12 billion acquisition of HPS Investment Partners when executives at the private ...
What Does BlackRock Own?
To help address some of the misconceptions about BlackRock, here's a look at some of the companies it actually owns and a ...
The Daily Hodl
Alleged $500,000,000 Fraud Scheme Hits BlackRock – Asset Giant Accuses Little-Known Telecom Companies of Orchestrating Massive Scam
The asset management giant BlackRock says it has lost hundreds of millions of dollars to two little-known telecom companies that allegedly falsified collateral to obtain massive loans.
The $500 Million Question: How a missing Indian-origin CEO tricked BlackRock for four years
BlackRock's investment arm is reportedly caught in a massive financial scandal. Bankim Brahmbhatt, CEO of Broadband Telecom and Bridgevoice, is accused of creating fake invoices and customer accounts.
Outlook Business
BlackRock Chase $500 Mn in Alleged Fraud Case; Porsche, Tesla, Audi Seen at Bankim Brahmbhatt’s Home
According to filings and investigative findings cited in The Wall Street Journal, lenders allege Brahmbhatt created a polished illusion of financial strength that masked forged contracts and fake ...
AOL
$13.5 trillion BlackRock's latest reinvention is underway
Larry Fink's BlackRock has bet big on private markets and tech services as the firm's next growth engines. The asset manager closed the final of its three major acquisitions, private credit firm HPS, ...
Bloomberg L.P.
Rick Rieder Overhauls BlackRock Bond Team as HPS Clout Grows
BlackRock Inc. is revamping its fixed-income division around new investment strategies and artificial intelligence. The firm's leveraged finance business will move under an executive team from HPS ...