BlackRock hit by $52B withdrawal from single client

Posted by alexcos on Tuesday July 15, 2025 @05:01PM
from the thetimes.com dept.

https://www.thetimes.com/business-money/companies/article/blackrock-hit-by-52bn-withdrawal-from-single-client-kmsmg87jc

( 6 comments | 6 points | on HN )

Re:BlackRock hit by $52B withdrawal from single client by zingerlio on Tuesday July 15, 2025 @08:12PM (#44577323)

Are they going to pay tax on the withdrawal? No way to avoid it, right?

[ Parent | on HN ]

Re:BlackRock hit by $52B withdrawal from single client by dcrazy on Tuesday July 15, 2025 @09:39PM (#44577851)

Depends on the fund’s structure and its performance. For all we know the investor was in the red.

[ Parent | on HN ]

Re:BlackRock hit by $52B withdrawal from single client by alexcos on Tuesday July 15, 2025 @05:01PM (#44575778)

Non-paywall: https://archive.ph/yek4E

[ Parent | on HN ]

Re:BlackRock hit by $52B withdrawal from single client by 6Az4Mj4D on Tuesday July 15, 2025 @08:18PM (#44577361)

Some account manager is going to have bad annual performance review.

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Re:BlackRock hit by $52B withdrawal from single client by derelicta on Wednesday July 16, 2025 @07:46AM (#44581133)

Nationalise BlackRock already

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Re:BlackRock hit by $52B withdrawal from single client by mass_and_energy on Wednesday July 16, 2025 @09:10AM (#44581945)

This might be a bit of an oversimplification, but, if a bank robbery was committed and it came to light that an individual or party was the financier, they too would be investigated and likely charged.

In this case, Black Rock funds war crimes in China and Israel. Shouldn't they too be held accountable, as the financier??

[ Parent | on HN ]