(Reuters) – The Federal Deposit Insurance Corporation has given BlackRock (NYSE: ) a Feb. 10 deadline to resolve a dispute over its oversight of the asset manager's investments in FDIC-regulated banking institutions, Bloomberg News reported on Sunday, citing three people. with knowledge of this matter.
The FDIC may open an investigation into BlackRock and seek more information from the company if it fails to make sufficient progress in resolving the issues, the report said.
The FDIC's departure follows a January 10 deadline BlackRock failed to meet, according to the report.
Neither BlackRock nor the FDIC immediately responded to requests for comment on Sunday.
BlackRock has asked the FDIC to extend its deadline to reach an agreement on how the agency oversees asset manager investments in FDIC-regulated banking organizations until March 31, according to a letter the company sent to regulators on Thursday and seen by Reuters.