BlackRock CEO warns of consequences of proposed capital rules

07/11/2013 | Bloomberg

BlackRock CEO Laurence Fink warned that newly proposed capital requirements for financial companies would lead to higher interest rates. "If they shrink their balance sheet, we're going to have a more aggravated problem in the future because banks are the largest owner of U.S. Treasurys," Fink said. "This could be another reason for a faster rise in interest rates."

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