Relevant:
- Bank of America, PNC Unload $8.3 Billion of BlackRock Shares
- BofA selling all its BlackRock shares to BlackRock
- Amidst Perma-Bailouts, BlackRock Spreads its Tentacles in Brussels
- More on how the GAO's phony Fed audit failed to disclose some dirty secrets about BlackRock and JP Morgan
- Bank Of America Scrambles To Shore Up Capital: In Negotiations To Sell $17 Billion China Construction Bank Stake
2010-10-20 — zerohedge.com
"It is well known that Bank of America owns 34% of BlackRock via a legacy position inherited from Merrill Lynch, arguably the most valuable part of the business. As of today, the stake is worth around $11.5 billion. Yet what may be a little less known is that BlackRock has also returned the favor, and is now the largest holder of Bank of America, owning 5.35% of the outstanding BAC shares, for a total value of $6.6 billion."
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