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Thursday, April 25, 2024

SVB collapse may be start of ‘slow-rolling crisis’, warns BlackRock boss

The collapse of Silicon Valley Bank could just be the start of “a “slow rolling crisis” in the US financial system with “more seizures and shutdowns coming”, the chief executive of the world’s largest asset manager has warned. The CEO of BlackRock, Larry Fink, also predicted in a letter to investors …

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