U.S. regulators probe role of asset managers in banks – WSJ

(Reuters) – Banking regulators are probing if asset management giants BlackRock, Vanguard and State Street are sticking to their passive roles when it comes to investments in U.S. banks, the Wall Street Journal reported on Tuesday.

Members of the Federal Deposit Insurance Corporation’s board have held meetings with BlackRock and Vanguard to discuss their holdings, the report said, citing people familiar with the matter.

BlackRock, Vanguard and State Street did not immediately respond to Reuters requests for comment outside regular business hours.

(Reporting by Niket Nishant in Bengaluru; Editing by Arun Koyyur)