(Reuters) -The Federal Deposit Insurance Corporation gave a fresh deadline of Feb. 10 to BlackRock (NYSE:) to resolve an issue regarding oversight into the asset manager’s investments in FDIC-regulated banking organizations, Bloomberg News reported on Sunday, citing three people with knowledge of the matter.
The FDIC may open an investigation into BlackRock and demand more information from the company if it fails to make sufficient progress toward resolving the issues, the report said.
The move by the FDIC follows a Jan. 10 deadline that BlackRock failed to meet, according to the report.
Neither BlackRock nor the FDIC immediately responded to requests for comment on Sunday.
BlackRock had asked the FDIC to extend its deadline to reach an agreement on how the agency would oversee the asset manager’s investments in FDIC-regulated banking organizations until March 31, according to a letter the firm sent to regulators on Thursday and seen by Reuters.
