BlackRock’s (BLK) advisory arm has been appointed by U.S. regulators to help sell a $114B portfolio of securities inherited by the government after the takeovers of Silicon Valley Bank (SIVB) and Signature Bank (SBNY), Jennifer Hughes and Brooke Masters of The Financial Times reports. The fate of the holdings originally rattled the bond markets, for many feared the Federal Deposit Insurance Corporation, FDIC, would dump the portfolio, which would push down prices. The FDIC has since said the asset sales would be "gradual and orderly," according to the Times. Reference Link
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