- BlackRock CEO Larry Fink warns banking crisis could worsen beyond Silicon Valley Bank's failure, citing cracks in financial system caused by a decade of easy money and low interest rates.
- Fink worries that the consequences could spread to more banks.
- Fink predicts that inflation will likely stay close to 3.5% or 4% for the next few years.
- Fink suggests that some banks will pull back on lending to shore up their balance sheets.
- Fink says regulators are likely to impose stricter capital standards.
BlackRock’s Fink Says SVB Failure Shows Cracks in Finance System
BlackRock Inc. Chief Executive Officer Larry Fink said the banking crisis could worsen beyond the failure of Silicon Valley Bank, worrying aloud about cracks in the financial system that formed during more than a decade of easy money and low interest rates.
Silla Brush
