Surveillance: Banking Tremor with El-Erian
Bloomberg Surveillance
00:00
The Resilience of Banks
I think maybe the conversation has been missing this, is that we're going to see these banks do better ahead. These banks are not only resilient, but they're making money. I would say the worries about the large banks is over. And quietly, J.P. Morgan is offering you, John, a 5% one-year CD rate. Even if the deposits go out, they're quietly taking money from smaller banks.
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