Kevin O'Leary is worried about commercial real estate, regional banks, and small businesses.
O'Leary wants to boost protections on payroll accounts to ensure companies can pay their workers.
AdvertisementAdvertisementPressure is building on regional banks, commercial real estate developers, and small businesses, Kevin O'Leary has warned.
AdvertisementAdvertisement"We're going to see more cracks in regional banks, and that's putting pressure on the loan books of those banks which are hitting small business," O'Leary said.
The founder of O'Leary Funds and O'Leary Ventures urged lawmakers to support a $100 million guarantee for non-interest-bearing accounts, which would protect payroll accounts.
Persons:
Kevin O'Leary, O'Leary, —, " O'Leary, They've
Organizations:
Service, Fox Business, Federal Reserve, Federal Deposit Insurance Corp, O'Leary Funds, O'Leary Ventures
Locations:
Regional