10:12 AM EST, 01/10/2025 (MT Newswires) -- (Updates with the US FDIC's response in the fourth paragraph and latest stock movement in the fifth paragraph.)

BlackRock ( BLK ) has made a request to the US Federal Deposit Insurance Corporation to extend a deadline for a new oversight agreement relating to its stakes in FDIC-regulated banks, media reports said Friday.

The asset manager asked the federal agency in a letter for an extension until at least March 31, reports said. BlackRock ( BLK ) was originally due to sign an agreement by Friday, according to reports.

The agency is seeking to oversee the asset management firm's passive investments in federally insured and regulated banks.

The FDIC told MT Newswires in an email that it is "not commenting on those reports", while BlackRock ( BLK ) did not respond.

BLK shares were down 2.4% in recent premarket activity.

Price: 962.11, Change: -23.99, Percent Change: -2.43