Standard Chartered CEO Bill Winters warned that the U.S. banking sector may face another crisis after avoiding a near collapse last month.
He spoke with CNBC’s Joumanna Bercetche on April 24 to discuss the future outlook of the industry.
Regulators intervened in March to prevent mass panic after the collapse of Silicon Valley Bank, Signature Bank, and Credit Suisse—interventions which Winters thought were quite effective, but he noted that some regulatory gaps still need to be filled.
Winters commended the “highly impactful” actions of both U.S. and Swiss central bankers in stemming the outflow of deposits in last month’s panic….