BlackRock\u0027s CEO warned more pain is coming in the U.S. financial system following the failure of Silicon Valley Bank. Read on.
Banks will inevitably pull back on lending, which will prompt more companies to turn to the capital markets — creating opportunities for investors and asset managers, Fink predicted.
As the world’s largest money manager, BlackRock has large shareholdings in most U.S. companies and Fink’s annual letter has become required reading for corporate executives.However, his outspoken support for tackling climate change via investment has made the New York fund manager a target of conservatives.
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BlackRock's Larry Fink warns 'more seizures and shutdowns coming' in wake of SVB failureBlackRock\u0027s CEO warned more pain is coming in the U.S. financial system following the failure of Silicon Valley Bank. Read on.
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Stocks steady as investors bet SVB collapse will force Fed to halt hikesTraders bet the collapse of SVB will compel the Federal Reserve to halt interest rate hikes. Read more
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