Brendan McDermid/Reuters
- The former CEO of Goldman Sachs said the banking sector is in much better shape than it was in 2008.
- The banking crisis nearly 15 years ago was much more "systemic," according to Lloyd Blankfein.
- The current chaos is much more contained among a handful of specialist and regional lenders.
Lloyd Blankfein, the former CEO of Goldman Sachs, says the global banking sector is in "much better shape" than it was in 2008, when a spate of bank failures sparked the worst financial crisis since the Great Depression.
Nearly 15 years ago, Blankfein says, the issues facing the economy and the financial world were much more systemic and risk was spread deeper throughout the system.