More banks will go bankrupt within the next two years = British Man Group CEO | Reuters

Luke Ellis, chief executive of British hedge fund giant Man Group Co. He indicated that he would. Taken last November. (2023 REUTERS/Tyrone Siu)

[ロンドン 22日 ロイター] -Luke Ellis, CEO of Man Group, a major British hedge fund, said on the 22nd that the turmoil caused by the collapse of the US bank in Silicon Valley is not over yet, and that a considerable number of banks will be closed within two years. He suggested that it would go bankrupt. he said at the Bloomberg conference in London.

“I think in 12-24 months there will be a lot more banks that don’t exist,” he said. Smaller US banks, regional banks and UK challenger banks could be at risk, he said. He said he did not have a position in a U.S. regional bank.

Technology such as social media has accelerated the speed at which concerns about banks spread, he said. “Things have happened much faster, whether it’s a crisis or good news,” he said.

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