BLACKROCK, INC. The "low rate environment is having a profound impact on how they're going to operate," Fink said at the Annual Bernstein Strategic Decisions Conference on Wednesday.
(Reporting by Ashley Lau in New York; Editing by Jeffrey Benkoe)
BlackRock : CEO (Global lower rate environment harmful to investors)
May 27, 2015 at 09:43 am EDT
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(Reuters) - Lowering interest rates around the world to boost the global economy has reached a point where it is now "quite harmful" to clients, including pension funds and insurers, BlackRock Inc Chairman and Chief Executive Officer Laurence Fink said on Wednesday.
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