Larry Fink raises spectre of ‘slow rolling crisis’ after SVB failure

Financial Times/Brooke Masters/3-15-2023

graphic illustration of dominoes in a row beginning to fall“BlackRock chief executive fears ‘more seizures and shutdowns’ of banks possible after ‘decades of easy money.’”

USAGOLD note: Fink says rapidly raising rates was the first domino to drop, SVB the second. More could follow. FT points out that Fink’s annual client letter is required reading among corporate executives.

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