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'Shark Tank' investor Kevin O'Leary says he's telling startup CEOs to limit bank deposits and brace for the next 'black swan idiot' blowup
8 days ago | By Business Insider
Kevin O'Leary. Mark Davis / Staff / Getty Images
"Shark Tank" investor Kevin O'Leary is advising his CEOs to limit their deposits at banks.
That comes after the blowup of SVB, which was caused by "idiot" bank managers, O'Leary said.
"There's always the next black swan idiot manager in big and small banks," O'Leary said.
"Shark Tank" investor Kevin O'Leary is advising startup CEOs he works with to limit their bank deposits in the wake of the Silicon Valley Bank implosion, and says firms need to brace for other possible bank collapses, he warned. "We've told our CEOs: do not put any more...
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