Cathie Wood Makes a Big Prediction on the Future of Banks
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The Street
The Street
By Jeffrey Quiggle The crisis at two California banks sparked a CNBC discussion on cryptocurrency and technology in banking trends. Ark Invest’s Cathie Wood thinks some traditional banking norms will one day be replaced by a new technology. On CNBC March 9, Last Call host Brian Sullivan said the current crisis at Silvergate Bank (SI) – Get Free Report and Silicon Valley Bank (SIVB) – Get Free Report is scary. “Do you worry that there is a greater contagion risk from Silvergate and Silicon Valley Bank or do you think, again, it is kind of contained within those two?” Sullivan asked Wood. “Certa…