Summary
For just $6.6 billion in Cash , Black rock owns the world's biggest series' in ETFs - Exchange Traded Funds- From India and Brazil to Oil, Gold and the Dow itself, iShares exist for any and every index in the world. No less known are the indices for Infrastructure that come from the iShares stable, they come in all flavours The purchase, the biggest of a fund manager, creates a company overseeing $2.7 trillion in assets, more than the Federal Reserve. BlackRock will add about $1 trillion in investments that track market indexes State Street at $1.4 trillion is almost half the size of the new Blackrock Global Investors The combined company will have a market value of more than $34 billion, Fink, 56, said on a conference call. The deal will add to per-share cash earnings by 10 percent Barclays will have a net gain of $8.8 billion from the sale, which will increase its core Tier 1 capital ratio, a measure of financial strength, by 150 basis points to 8 percent as of Dec. 31, 2008
Analysis
Asset-backed securities issuers would face new regulation, as would hedge funds and credit rating agencies. An independent Consumer Financial Protection Agency would be formed.
The Federal Reserve would monitor “systemic risk” in the economy, together with a council led by Treasury.
