Kevin O'Leary says regional bank stocks are dead and 'going to zero'

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'Shark Tank' star Kevin O'Leary says regional bank stocks are dead and 'going to zero for sure'

, as regulation spawned from the crisis will make most banks unprofitable. He also slammed the rescues as protecting what he described as incompetent bank management, which he thinks set a bad precedent.

Tighter regulation will turn banks in general into a"highly-regulated utility," and a trade rather than a long-term investment option, O'Leary said on Wednesday. The shift is also certain to kill off smaller banks, as those are a relic from the past when regional banks were needed to support the local economy and community activities, but digital banking has rendered that function obsolete, he said.

 

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The same Kevin O’Leary that pumped crypto stock by getting paid off?

Thought he went to jail

Says the guy that backed SBF_FTX

What happened to this guy? He turned into a real jerk.

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