Friday Feb 28
The Washington Post
BlackRock Converts Stake in Affiliate of PennyMac Into Shares
BlackRock Inc. converted part of its stake in an affiliate of PennyMac Financial Services Inc. into shares of the parent mortgage company that's run by former Countrywide Financial Corp. executives.
The Motley Fool
Bank of America Scores a Critical Legal Victory
Justice Saliann Scarpulla ruled this week that the nation's second largest bank by assets can go forward with an $8.5 billion settlement it reached with institutional investors including Blackrock had challenged the deal, which was approved in January by a former colleague of Justice Scarpulla's, on the grounds that it didn't adequately compensate ... (more)