Larry Fink, the CEO of BlackRock, predicted how many more times the Federal Reserve will raise interest rates while speaking to 'The Claman Countdown.'
One of those issues is "there is somewhat of a loss of confidence," something Fink said factored into the U.S. seeing "hundreds of billions of dollars of deposits leaving into larger banks, into money market funds, bonds and ETFs" in a few weeks. "What we are seeing is the balance between the capital markets and the banking system," Fink said.
The quarterly earnings reports slated to be put out in the next few weeks by small and regional banks could potentially be a trigger for more banks, according to Fink. BlackRock CEO Larry Fink, founder and CEO of BlackRock, speaks during the Reuters Global Investment Outlook Summit in New York Nov. 3, 2017.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Larry Fink sees '4%-ish' inflation floor due to reshoring and deglobalizationLarry Fink sees ‘4%-ish’ inflation floor due to reshoring and deglobalization
Lire la suite »
Head of world's largest asset manager says this is why Fed will struggle to bring down inflation“I believe interest rates are going to be higher for longer…I believe inflation is going to be sticker for longer,” BlackRock Chairman and CEO Larry Fink said.
Lire la suite »
Watch CNBC's full interview with BlackRock's Larry Fink on earnings, ESG investing, and recession risksLarry Fink, BlackRock chairman and CEO, joins 'Squawk on the Street' to discuss money leaving the banking system in to the capital markets, changing payments with digitizing currency, and interest rates remaining higher for longer.
Lire la suite »
Larry Fink doesn't see a big recession this year, but expects inflation to stay higher for longerThe head of the world's largest asset manager said the chance of a recession is dependent on the Federal Reserve's battle against inflation.
Lire la suite »
BlackRock sells asset-backed bonds from Credit Suisse's books- Bloomberg NewsCredit Suisse Group AG has hired BlackRock Inc to help sell a portfolio of structured bonds for the Swiss bank, Bloomberg News reported on Thursday.
Lire la suite »
BlackRock Profit Falls 19%BlackRock reported net income of $1.16 billion for the first quarter, down from $1.44 billion in the same period a year earlier.
Lire la suite »