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Zenger
Zenger
Business
Bibhu Pattnaik

Former Goldman Sachs Exec Raoul Pal Predicts Imminent Banking Crisis, Expects Fed To Introduce Bailout Packages

Raoul Pal US Federal Reserve the Federal Reserve Goldman Sachs
INDIA - 2023/07/01: In this photo illustration, a Goldman Sachs logo is seen displayed on a smartphone. Former Goldman Sachs Group Inc hedge fund executive Raoul Pal says the macro backdrop suggests that a crisis is coming and that the Federal Reserve will have little choice but to introduce bailout package. PHOTO BY AVISHEK DAS/GETTY IMAGES

Former Goldman Sachs Group Inc (NYSE: GS) hedge fund executive Raoul Pal says the macro backdrop suggests that a crisis is coming and that the Federal Reserve will have little choice but to introduce bailout packages.

What Happened: In an interview with Real Vision Crypto last month, Pal said a parabolic movement could take place in the near future due to the increasing proximity of a banking crisis within regional banks. 

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