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