CNBC's "Last Call" cover image

Musk Joins AI Arms Race to Rival Startup He Co-founded 4/14/23

CNBC's "Last Call"

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Does This Move the Needle for the Fed?

Regional banks certainly will be in again in the spotlight. But I think that the one thing they all have to acknowledge is that banking deposits are a business transaction. And whether it means fees will be higher fees, the banks will charge for people with larger insurance levels and what the caps are. You know, banking is not a very complex business. Somebody deposits money. You're not supposed to lose it. It's that simple.

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