This Is the Banking Crisis of the Rich: Algebris CEO

The video discusses the banking crisis, focusing on how the term 'temporary' was misleading in 2020-2021. It highlights the crisis as one affecting the wealthy, with banks like SVB, First Republic, and Credit Suisse serving rich clients. Unlike typical crises caused by bad loans, this one stems from liability issues. The video advises against banking with billionaires who are active on social media, as they can trigger rapid bank runs.

What was characterized as the banking crisis of the rich?

What was the average deposit at Silicon Valley Bank during the crisis?

How did the banking crisis differ this time compared to previous crises?

What role did social media play in the banking crisis mentioned?

What advice is given regarding banking with billionaires?