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Banking CEOs and IMF Director warn of potential consequences and vulnerabilities in financial system.

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Source: CNBC
Banking CEOs and IMF Director warn of potential consequences and vulnerabilities in financial system.
Photo: CNBC
TL;DR

UniCredit CEO Andrea Orcel predicts more rescues of American regional lenders due to higher interest rates from the Federal Reserve, while European banks are well-capitalized and face stronger regulation. He also warns of further volatility as the biggest risk to the outlook after the Covid-19 pandemic and Russia's invasion of Ukraine. UniCredit reported a jump of more than 41% in net profit for the first quarter and a CET capital 1 ratio at 16.05% for the quarter.

Topics:businessfinance#banking#european-banking-sector#finance#unicredit#us-banking-sector#volatility
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  1. Top banking CEO warns of further volatility and predicts more U.S. rescues  CNBC
  2. Michael Milken on the banking turmoil: This is not another financial crisis  Yahoo Finance
  3. Retail CBDCs bring unknown ‘consequences’ to financial system: IMF director  Cointelegraph
  4. IMF's Georgieva says more vulnerabilities in banking sector may be exposed  ZAWYA
  5. Milken Institute Founder Michael Milken says regional banks should have followed 'finance 101'  CNBC Television

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