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KM Financial Solutions | UPDATE 1-BlackRock and peers slash research budgets as new EU rules squeeze brokers
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UPDATE 1-BlackRock and peers slash research budgets as new EU rules squeeze brokers

10 Dec UPDATE 1-BlackRock and peers slash research budgets as new EU rules squeeze brokers

Posted at 16:01h in News by
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BlackRock and other investment
houses have slashed their budgets for external research by as
much as half after the introduction of new European Union rules,
piling pressure on stockbrokers, a senior executive at the
world’s top asset manager said on Tuesday.

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