Larry Fink to New York: Fix Crime, Filth or Lose More Firms

BlackRock Inc. Chief Executive Officer Larry Fink said New York is plagued by crime and filth and lacks enough good schools, and he called on politicians to make it easier for financial firms to do business in the city.

“The city is on the verge of losing a lot of companies,” Fink, 72, said in an interview Monday at the Economic Club of New York. “I don’t believe the city has the vitality that it did before.”

Fink called to deregulate “pay to play” rules, which restrict political contributions from people doing business in the city.

“In New York, ...