El-Erian Worried Banking ’Cancer’ Starting to Spread

Mohamed El-Erian, a Bloomberg Opinion columnist, says the US is in “phase two“ of the banking crisis and warns that the financial system lacks “anchors“ right now during an interview with Jonathan Ferro on “Bloomberg The Open.“ El-Erian’s opinions are his own. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: