Mark Mobius says he is 'very, very skeptical' of investing in bank stocks but keeps his cash in an account in Dubai

Mark Mobius.

Jonathan Wong/South China Morning Post via Getty Images

• Mark Mobius generally avoids buying bank stocks, saying their operations are too opaque.
• More Fed rate hikes could add pressure on bank deposits, potentially creating new havens, he told CNBC.
• Mobius said he has an account in a Dubai bank, and recommended that depositors diversify.

Billionaire investor Mark Mobius said he avoids buying bank stocks and recommended keeping deposits diversified.