SVB Fallout
Ark’s Wood Says Banking Crisis Was ‘Looming in Plain Sight’
This article is for subscribers only.
Regulators should have been focusing on the signs of looming failure in the traditional banking system instead of blocking decentralized financial platforms, Cathie Wood said.
“Asset and liability duration mismatches” combined with falling deposits in the banking system had been pointing to the potential crisis that was in plain sight, the ARK Investment Management chief said Tuesday night on Twitter.