BlackRock CEO Fink warns of financial risks, persistent inflation

  • 📰 Reuters
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

BlackRock Inc Chief Executive Laurence Fink warned on Wednesday the U.S. regional banking sector remains at risk after the collapse of Silicon Valley Bank and that inflation will persist and rates would continue to rise.

Fink said that quick regulatory action helped stave off a wider crisis. He wrote that he expects a more divided world will interrupt supply chains and make inflation persistent and "more likely to stay closer to 3.5% or 4% in the next few years."Fink's annual letters to CEOs and investors, traditionally sent in January, have become a touchstone for corporate leaders as the New York firm he co-founded grew into the world's largest asset manager. It had $8.

He added that is "why BlackRock has been so vocal in recent years in advocating for disclosures and asking questions about how companies plan to navigate the energy transition," although it is not BlackRock's place to tell companies what to do.Fink said it was not clear yet whether the banking crisis precipitated by rising interest rates would claim more victims, but it seemed inevitable that some banks will now pull back on lending to shore up their balance sheets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

One sick dude

Man selling overpriced coffee warns of financial risks.

Thank you Satan, now get thee behind me

BlackRock is the crookedest financial institution there is

He wants the Fed to keep raising rates to kill smaller banks so he can swoop in and buy them for pennies on the dollar

🤣energy transition caused some of this BS!

Gonna be *former* CEO Fink soon

We don’t have inflation, we have extreme corporate greed masquerading as inflation

Quit manipulating the market.

Pfuk him. Slimy crook.

Hellove

Warns...translated...savers are about to experience a robust cut in their investments🧐🤔

Oh look at that, BlackRock saying something about finances rather than some social awareness bs.

Maybe he should work to increase competition, but that would mean BlackRocks funds performing worse...

How big is the Blackrock book that positions itself prior to Fink sharing his opinion with the Market

“Uh but ESG eh”

He knows

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber, DoorDash, Lyft stocks rise after Prop. 22 ruling in CaliforniaShares of Uber Technologies Inc. Lyft Inc. and DoorDash Inc. ended higher Tuesday, a day after a California appeals court handed them a partial victory that... This is great news for gig workers in California! Prop22
Source: MarketWatch - 🏆 3. / 97 Read more »

Crypto’s Latest Stablecoin is Called HOPE, Started by Ex-Babel Finance CEO Flex YangNEW: Former Babel Finance CEO Flex Yang launched the HOPE stablecoin and its DeFi ecosystem, with lending, trading, and DEX applications scheduled to start in the coming weeks. By shauryamalwa. shauryamalwa Wen hack? shauryamalwa Another 'Stable Coin' 👏 shauryamalwa
Source: CoinDesk - 🏆 291. / 63 Read more »