Man Group CEO Ellis Says Banking Crisis Is Not Over Yet

The discussion initially expected to focus on inflation shifts to the banking crisis. The panel explores whether the crisis is over, predicting that many banks may not exist in the future. They discuss market reactions, particularly the misleading nature of stock price increases, and highlight the risks faced by smaller banks due to the ease of transferring funds in the digital age. The conversation underscores the instability of smaller banks' deposit bases and the challenges they face in maintaining stability.

What unexpected issue has taken center stage in the discussion, overshadowing inflation concerns?

• A banking crisis

• A political scandal

• A natural disaster

• A new technology trend

What is a potential outcome for some banks in the next 12-24 months?

• They will expand internationally

• They will increase interest rates

• They will merge or be taken over

• They will launch new products

What is the main concern regarding smaller banks in the current financial climate?

• Their customer service quality

• Their ability to innovate

• Their unstable deposit base

• Their high interest rates

What factor contributes to the flighty deposit base of smaller banks?

• Ease of transferring money via mobile devices

• Lack of physical branches

• Limited online services

• High transaction fees

Why might people move their money to certain banks during times of stress?

• They offer better interest rates

• They are perceived as being backed by the government

• They have more branches

• They provide better customer service