BlackRock CEO Larry Fink warns of potential slow rolling crisis following SVB collapse.

The CEO of BlackRock, Larry Fink, has warned that the collapse of Silicon Valley Bank could be the start of a "slow rolling crisis" in the US financial system, with more seizures and shutdowns to come. Fink also predicted that inflation would persist and rates continue to rise, trends that both contributed to SVB's collapse. The failures of not only SVB but also fellow US lenders Signature and Silvergate have prompted jitters across global markets. Other leading financial figures warned that the instability brewing in the European banking sector could pose an even bigger threat to global market stability.