Blackrock's Fink warns global surprise could drive major market correction

From Reuters - October 13, 2017

WASHINGTON (Reuters) - Blackrock Inc (BLK.N) Chief Executive Officer Larry Fink warned on Friday that the market could face a big correction if a major world event occurred.

Fink, head of the worlds largest asset manager, said that the amount of risk in the financial system is comparable to 2007 levels, adding that the fundamental strength of the global economy and low volatility are keeping things stable.


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