Turmoil in the banking sector will probably weigh on economic growth as lenders become more conservative, former Goldman Sachs CEO Lloyd Blankfein said
Lloyd Blankfein, former CEO of Goldman Sachs, speaks at the Boston College Chief Executives Club luncheon in Boston, MA, U.S., March 22, 2018.
"While some banks have been hung up by poorly managed, concentrated risk, the overall banking system is extremely well capitalized and substantially more tightly regulated than in prior challenging times," he said. Blankfein was chairman and CEO of the storied Wall Street firm from 2006 to 2018, steering it through the global financial crisis of 2008 and its aftermath.
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