BlackRock CEO warns of potential slow rolling crisis following Silicon Valley Bank collapse.

Blackrock CEO Larry Fink warned of a "slow rolling crisis" following the collapse of Silicon Valley Bank, with more seizures and shutdowns possibly to come among regional banks. Fink referenced the failures of Signature Bank and Silvergate and warned that regional banks remain at risk of a "flameout" like the savings and loan crisis of the 1980s and early 1990s when more than a thousand institutions failed. Fink predicted banks will pull back on lending and he expects stricter capital standards because of Silicon Valley Bank's collapse.