Financial Sector is Open to Slow-Rolling Crisis, Says BlackRock CEO

Financial Sector is Open to Slow-Rolling Crisis, Says BlackRock CEO


Coin Edition
2023-03-15 13:35:19

Larry Fink, the CEO of the top investment management company BlackRock, commented on Wednesday that the recent debacle of the state-chartered commercial bank Silicon Valley Bank (SVB) has posed the threat of a “slow-rolling crisis” over the US banking sector, “with more seizures and shutdowns coming.” In a letter addressing the investors and chief executives, The post Financial Sector is Open to Slow-Rolling Crisis, Says BlackRock CEO appeared first on Coin Edition .