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Pod 19: Silicon Valley and Signature Bank Collapse, Regional Bank Crisis, The Fed's Response, CPI, and New Fed Policies for Markets

Unusual Whales

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Depositor Beta

The idea that 97% of your deposit or base is uninsured and in essence, you're providing banking services without an insurance premium associate suggests this is more of a liability management issue than an asset one. And I think the implications for all this is that that risk needs to be recalibrated and priced properly from a depositor standpoint. There is no free lunch. If you want to bank with us, if you want to have payment processing services, then that needs to be properly reflected in the pricing of those services that you're paying. That's just my perspective.

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