Asset Management

BlackRock’s Larry Fink: Markets still ‘on edge’ over Silicon Valley Bank collapse

BlackRock boss says SVB's failure was 'a classic asset-liability mismatch'

Larry Fink said that challenges faced by banks will place greater importance on the role of capital markets and provide opportunities for non-bank lenders like asset managers
Larry Fink said that challenges faced by banks will place greater importance on the role of capital markets and provide opportunities for non-bank lenders like asset managers Photo: Stefan Wermuth/Getty Images

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BlackRock chief executive Larry Fink says it is “too early to know” how widespread the damage will be from last week’s collapse of Silicon Valley Bank, but it may be “inevitable” other banks need to pull back on lending to shore up their balance sheets to avert a wider crisis.

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