BlackRock CEO Larry Fink Warns of Financial Risks and Slow Rolling Crisis.

BlackRock CEO Laurence Fink has warned that the US 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 described the current financial situation as the "price of easy money" after the Federal Reserve had to hike rates nearly 500 basis points to fight inflation, and that he expects more Fed rate increases. Fink said that quick regulatory action helped stave off a wider crisis.