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CEO of Man Group predicts more bank failures over the next two years.

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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