(Reuters) -The Federal Deposit Insurance Corporation gave a new deadline of February 10 to BlackRock (NYSE to resolve an issue related to oversight of the asset manager's investments in FDIC-regulated banking organizations, Bloomberg reported News 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 does not make enough progress to resolve the problems, according to the report.
The FDIC's action comes after a Jan. 10 deadline that BlackRock missed, 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 to March 31, according to a letter the firm sent to regulators on Thursday and to which Reuters had access.
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