{"id":1901188,"date":"2023-03-20T07:42:05","date_gmt":"2023-03-20T11:42:05","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ex-goldman-ceo-blankfein-says-bank-rout-may-depress-growth-even-with-robust-capital\/"},"modified":"2023-03-20T07:46:08","modified_gmt":"2023-03-20T11:46:08","slug":"ex-goldman-ceo-blankfein-says-bank-rout-may-depress-growth-even-with-robust-capital","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ex-goldman-ceo-blankfein-says-bank-rout-may-depress-growth-even-with-robust-capital\/","title":{"rendered":"Ex-Goldman CEO Blankfein says bank rout may depress growth, even with robust capital"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fex-goldman-ceo-blankfein-says-bank-rout-may-depress-growth-even-with-robust-capital%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1901188&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>\n<?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"entry-content\">\n<p>According to former Goldman Sachs CEO Lloyd Blankfein, the ongoing turmoil in the banking industry may hinder economic growth as banks become more cautious.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">\n        <script>\n            googletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });\n        <\/script>\n    <\/div>\n<p>Blankfein remarked, \u201cThe greater risk environment for financials leads to husbanding of capital and risk-taking, less and more conservative investing and lending, and inevitably, lower growth.\u201d However, he added that even with robust capital, the downturn in the banking sector could dampen growth. Blankfein also stressed that the banking system is significantly more tightly regulated than before.<\/p>\n<p>Blankfein, who also served as Goldman&#8217;s Chairman, ran the distinguished Wall Street firm from 2006 to 2018, skillfully steering it through the global financial crisis of 2008 and its aftermath.<\/p>\n<p>His statements followed a historic deal that saw Swiss authorities persuade UBS Group AG to purchase rival Credit Suisse Group AG after several of the world&#8217;s largest central banks united on Sunday to prevent a bank crisis from spreading.<\/p>\n<p>Reporting was provided by Lananh Nguyen, with editing by Tom Hogue.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>One America\u2019s Rachel Acenas provides a week in review of major headlines in the United States and around the world.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>New financial documents reveal stronger links between the Biden family and the Chinese Communist Party.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>The author of &#8216;Rich dad poor dad&#8217; who notoriously forecasted the 2008 crisis warns of &#8216;serious trouble&#8217; ahead for the U.S. bond market.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>The Biden administration releases footage of the events that led up to Russia&#8217;s downing of a U.S. drone.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>RUSSIA &#8211; The Kremlin instructed officials associated with planning for Russia&#8217;s 2024 presidential election to refrain from using Apple iPhones due to concerns&#8230;<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>In under a second, Baidu&#8217;s Ernie bot can produce photographs of flowers and write Tang dynasty-style poetry, but&#8230;<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>The Biden administration has requested that TikTok&#8217;s Chinese owners sell their stakes in the popular video app or face a&#8230;<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>The head of the Taiwan Financial Supervisory Commission will oversee cryptocurrency trading in the region. <\/p>\n<\/div>\n<p><\/p>\n<hr>\n<p>&#8220;From <a href=\"https:\/\/www.oann.com\/business\/ex-goldman-ceo-blankfein-says\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=ex-goldman-ceo-blankfein-says\">Ex-Goldman CEO Blankfein says bank rout may depress growth, even with robust capital<\/a>&#8220;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Lananh Nguyen NEW YORK (Reuters) -Turmoil in the banking sector will probably weigh on economic growth as lenders become more conservative, former Goldman Sachs Group Inc CEO Lloyd Blankfein said on Sunday. \u201cThe greater risk environment for financials leads to husbanding of capital and risk-taking, less and more conservative investing and lending, and inevitably<\/p>\n","protected":false},"author":66,"featured_media":1901190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[5373,22178,9554,3850,22179,22181,10597,22180,21197],"class_list":["post-1901188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-bank","tag-blankfein","tag-capital","tag-ceo","tag-depress","tag-ex-goldman","tag-growth","tag-robust","tag-rout"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1901188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1901188"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1901188\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1901190"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1901188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1901188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1901188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}