BlackRock

PacWest sells loan portfolio for over $3.5B

PacWest Bancorp confirmed on Monday the sale of a $3.54 billion loan portfolio to asset firm Ares Management after the LA-based bank began selling real estate loans in May.

Vanguard narrows ETF gap with BlackRock

The Vanguard Group pulled in a net $25.7 billion into its exchange-traded (ETF) fund over the first quarter, fed by $19.1 billion of flows into its equity products.