Mar 10th, 2023

Larry Summers Expects No 'Systemic Risk' From SVB Meltdown

Former US Treasury Secretary Lawrence Summers says he doesn't expect SVB Financial Group's meltdown to pose a "systemic risk" to the financial system. “I don’t see — if this is handled reasonably, and I have every reason to think that it will be — that this will be a source of systemic risk," he says on Bloomberg Television’s “Wall Street Week” with David Westin.