SVB's collapse was fueled by 'people on iPhones' and won't spread across the US banking sector, Blackstone CEO says
SVB's sudden collapse won't trigger a broader banking crisis, Steve Schwarzman said. REUTERS/Brendan McDermid There's no chance of a full-blown crisis developing in US banking, according to Blackstone's CEO. Silicon Valley Bank failed because of the "interim issue" of high interest rates, Steve…
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