Kevin O’Leary, chairman of O’Leary Ventures and host on “Shark Tank,” reacts to the Senate hearing on the collapse of Silicon Valley Bank. #CNN #News…(read more)
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Shark Tank star and entrepreneur, Mark Cuban, has been vocal about his views on the recent Senate hearing on bank failures. During the hearing, top banking executives faced tough questions from the Senate Banking Committee regarding their role in recent bank failures and the subsequent financial hardships faced by customers.
Cuban, known for his straightforward and no-nonsense approach, took to social media to share his reaction to the Senate hearing. In a series of tweets and interviews, Cuban expressed his frustration with the lack of accountability and transparency within the banking industry.
In one tweet, Cuban wrote, “It’s incredible to see these banking executives squirming in front of the Senate. It’s clear that they have failed their customers and the American people. It’s time for real change in the banking industry.”
Cuban’s outspoken comments resonated with many Americans who have been affected by the recent bank failures. His message highlighted the need for greater oversight and regulation to prevent similar crises from occurring in the future.
In a televised interview, Cuban reiterated his stance, stating that the banking industry needs to be held more accountable for its actions. He stressed the importance of putting the interests of customers first and called for more stringent regulations to ensure that banks operate ethically and responsibly.
As a successful entrepreneur and investor, Cuban’s perspective carries weight in the business and finance community. His advocacy for greater accountability and transparency in the banking industry has sparked widespread discussion and debate on the topic.
Cuban’s reaction to the Senate hearing serves as a reminder of the importance of holding corporate executives accountable for their actions. His outspoken stance has shed light on the need for reform within the banking industry and has reignited the conversation on financial regulation and consumer protection.
It’s clear that the issues raised in the Senate hearing have struck a chord with Cuban and many others who share his concerns. As the debate around banking reform continues, Cuban’s voice will undoubtedly play a significant role in shaping the conversation and influencing potential changes within the industry.
Are we seriously gonna act like big banks properly service small communities. Those regional banks are needed. And there are communities that big banks don't service at all. The amount of people i know who have had good credit but can't get loans from big banks yet could get one to help their business or get them cash in an emergency from a regional when they can't from the big boys is enough of a reason to still need regional banks.
I agree that there are a place for local banks. Why would i want to use a big name bank that will send my money out of my community over a bank that will lend money to business in the community and make us competative? For the big name brand? And i agree with oleary, if that bank fails those who do business with them should be at risk.
the headline should be "FTX con-man reacts to other financial mismanagement"
The current bank crisis has me deeply concerned. If a major bank like SVB can experience difficulties, it's reasonable to worry about the impact on other financial institutions. I'm aware of someone I know who operates a rapidly expanding startup, and they were severely impacted by the bank run.
Are we really supposed to take anything that Kevin or Don say seriously at this point?
SHAME ON CNN. In a world filled with banking experts, you put on a fool, who's only claim to fame is hubris and arrogance. Vet people CNN! O'Leary is a charlatan
Put your money into credit unions. Don't put your money into for profit banks period.
Stop asking idiots questions! All the information you get from this is that Kevin is making stuff up as he is talking! Everything he is saying seem to make sense to him, but they are contradictory depending on the questions he was asked!
This is NOT a mismanagement. The bankers were NOT incompetent or idiots. Their goal was to make their friends, family, politicians and themselves RICHER and that's exactly what they did!!!
The people should be reminded that this turd ran for office in Canada and couldn't even get his party's nomination. He still owes money from the campaign.
But my tiny bank is backed by the federal gov, and my bankers are idiots but I can't bank anywhere else. So I'm glad it's backed by the feds.
Multimillionaires thanking they represent common Americans and kitchen table issues
I'm so tired of out-of-touch wealthy white dudes implying that having a regional fiduciary is about sentiment like working and middle class are unsophisticated simpletons.
Banks should not go exclusively be online due to the quantum computing, the oversea fraud and what happened to crypto. If all are money ends up digital. Peoples banks get decrypted by Quantum computing. Your funds are not safe. People want to feel secure even if it's not entirely secure in their hard work that is based on sound business practices. Also, with the advent of General AI.
Any news on China and Brazil ditching the U.S dollar?
The most important question is what watch is Kevin wearing.
Capitalism is a failed system, that’s why the government has to step in every now and then to prop the system up.
Kevin O'Leary sounds so ignorant. His arguments to oppose regional and smaller banks are just absurd.
Why doesn’t she let him answer?
Please don’t say she’s a democrat.
Hometown Feel banks don’t give out loans because you’re a nice guy so it makes no real difference except the bank vs credit unions have different monthly fees.
Get a credit union account. Lower fees, better service, member owned.
CNN is fake news network.
It's not the large banks in trouble! The largest international banks pulled this !
we agree with her not u Kevin