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Michael Arougheti, President of Ares Management

The Walker Webcast

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What's Going to Happen to Local and Regional Banks?

Sally Kohn: The Fed's guarantee of deposits over $250,000 may not have had the desired effect. She says people are still going to move their money out of SVB and reverse republic into larger banks. Kohn: Without talking my own book, without a doubt, the medium term impact of this will be further consolidation of the banking system.

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