TOKYO -- Silicon Valley Bank's failure, along with the demise of Credit Suisse shortly thereafter, blindsided the global financial industry. Despite those shocks, the world is not in a banking crisis, Morgan Stanley Chairman and CEO James Gorman said in an interview.
Interview
There is no banking crisis: Morgan Stanley CEO James Gorman
Bank chief says fundamentals 'extremely healthy' despite Silicon Valley Bank collapse
Morgan Stanley CEO James Gorman tells Nikkei that conditions are vastly different now than in 2008, when Lehman Brothers collapsed and triggered a global financial crisis. (Photo by Yutaka Miyaguchi)
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