‘Deposits are going to keep drifting out,’ says DoubleLine’s Gundlach, warning of echoes of S&L crisis at banks

“I’m really turning more bearish,” Jeffrey Gundlach, CEO of DoubleLine, told CNBC on Wednesday, after the Federal Reserve raised rates by another 25 basis points to the highest level since 2007.

“It just seems to me that deposits are going to keep drifting out,” Gundlach told the business network. “I don’t think this is the last chapter in this regional banking problem.”

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