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AmextaFinance > Markets > DoubleLine’s Gundlach warns of echoes of S&L crisis at regional banks
Markets

DoubleLine’s Gundlach warns of echoes of S&L crisis at regional banks

News Room
Last updated: 2023/05/05 at 4:10 AM
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“I’m really turning more bearish,” Jeffrey Gundlach, CEO of DoubleLine, told CNBC on Wednesday, after the Federal Reserve raised rates by another 25 basis points to the highest level since 2007.

“It just seems to me that deposits are going to keep drifting out,” Gundlach told the business network. “I don’t think this is the last chapter in this regional banking problem.”

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News Room May 5, 2023 May 5, 2023
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