“The problem is the bond market… I called Lehman Brothers many years ago and I think the next bank will be Credit Suisse… as the bond market is collapsing,” he told Fox Business.
On March 11, it became known that a large Silicon Valley Bank was closed in California.
It was the largest bank failure in the US since the 2008 financial crisis.
It also became known that the New York Signature Bank was closed due to systemic risks.