BlackRock and Vanguard are under scrutiny from the Federal Deposit Insurance Corp. (FDIC) regarding their influence on banks where they hold significant stakes. The FDIC aims to impose restrictions to prevent large asset managers from swaying bank decisions, raising questions about the regulatory authority over asset managers. In response, BlackRock has called for the FDIC to withdraw its proposed restrictions, arguing that such measures could hinder shareholder value. The ongoing debate highlights the tension between regulatory oversight and the rights of shareholders in influencing corporate governance.