How to Predict Things Going South at SBB and First Republic

Pai: I think what happened with SBB was there was some seemingly like innocuous blog post or a sub stack article that someone wrote about their balance sheet, their loan book. We started to see wires there. And as you know, with a lot of things are kind of self-fulfilling. If there's fear about an institution, for example, you'll start to see that fear spread. So we're kind of early detection for some of the concerns on the market at me out because we start to see a huge influx of wires from financial institution A versus B.