See what Michael Burry thinks of the latest banking crisis

Exclusively for CNBC Pro Subscribers: Burry on the SVB Aftermath

VIEW IN BROWSER | SUBSCRIBE MY ACCOUNT Burry on SVB Aftermath the Burry on SVB Aftermath Michael Burry attends the "The Big Short" New York premiere at Ziegfeld Theater on November 23, 2015 in New York City. Jim Spellman | WireImage | Getty Images When Michael Burry, known for calling the a previous financial crisis, weighs in on a banking crisis, it's worth paying attention.   The founder of Scion Asset Management recently said the turmoil brought on by the demise of Silicon Valley bank is comparable to crashes in 2000 and 2008, but now that the backstop is in place and an uncertain environment becomes less murky, Burry briefly shared his updated thoughts before subsequently deleting the comment. Read More Subscribe to CNBC Pro to see Michael Burry's take on the aftermath of the SVB collapse. SEE RECENT NEWS ON THE SILICON VALLEY BANK FALLOUT BELOW: COMING UP: 11:00 AM EST: Hedge Fund manager Dan Niles' stocks to buy amid banking turmoil   Join the CNBC Pro Live Special today at 11:00 AM EST, Dan Niles will share his ideas for keeping a diversified portfolio despite the projected downturn. Get this special offer to join.  JOIN PRO 4:00 PM EST: Mario Gabelli joins Closing Bell Overtime today   Mario Gabelli joins Closing Bell Overtime to discuss his top holdings, best ideas, market action and why he likes media. Join Pro to livestream online. JOIN PRO NEW OPPORTUNITIES: Deutsche Bank says Charles Schwab liquidity risks are overblown, sticks with buy rating   The liquidity risk fears around Charles Schwab are overblown, according to Deutsche Bank. Analyst Brian Bedell reiterated his buy rating on Charles Schwab shares, noting: "Throughout this banking crisis that began Thursday, we believe SCHW did not have credible risk of a rapid and substantial client drawdown of deposits that would create significant pressures on its liquidity." READ MORE Read Now Buy the dip in American Express shares, Wells Fargo says   American Express is showing "strength in uncertain times," according to Wells Fargo, which is confident in the stock following an investor meeting with Chairman and CEO Stephen Squeri and Chief Financial Officer Jeff Campbell.  READ MORE Read Now Play ultimate defense with these stocks that rise when volatility goes wild on Wall Street   As market uncertainty grows with the ongoing banking crisis, investors can look to certain stocks to beat the Street when there are stressful conditions. Investor confidence has wavered following the collapse of Silicon Valley Bank and Signature Bank.  READ MORE Read Now Wall Street is surprised by First Republic's falling stock. Here's how the bank compares with SVB   Shares of First Republic were in free fall Monday, catching by surprise the Wall Street analysts who saw it as one of the top brands among midsize banks. The drop for First Republic suggests that many fear it might also fail. READ MORE Read Now Citi says Europe's banks are unlikely to face SVB-like issues and names 3 top picks   European banks are unlikely to experience the issues seen at U.S.-based Silicon Valley Bank, according to analysts at investment bank Citi, who named their three top stocks in the sector. READ MORE Read Now Wells Fargo says buy this regional bank stock that has been 'thrown out with the bathwater,' sees nearly 150% upside   Investors should snap up shares of beaten-down regional bank Western Alliance, according to Wells Fargo. The firm reiterated its overweight rating on the stock, while lowering its price target to $65 from $90. READ MORE Read Now Wells Fargo upgrades JPMorgan Chase, says 'Goliath is winning' as uncertainty grows around banking   JPMorgan Chase is a source of strength during an uncertain time for the banking sector, according to Wells Fargo. The firm upgraded JPMorgan to overweight from equal weight.   READ MORE Read Now Citi says it's time to buy PNC shares after Silicon Valley Bank fallout   There's a big buying opportunity in PNC Financial shares, according to Citi. Analyst Keith Horowitz upgraded PNC shares to buy from hold.  READ MORE Read Now Davidson upgrades PacWest shares to buy as bank stock continues to crater another 37%   PacWest Bancorp shares continued to crater on Monday amid fears of contagion from the Silicon Valley Bank failure, prompting Davidson to say the sell-off represents a more attractive entry point for buyers.  READ MORE Read Now Citi upgrades Charles Schwab, says recent selloff opens a promising entry point   The recent pullback in Charles Schwab shares presents a compelling entry point for investors, according to Citi.  Analyst Christopher Allen upgraded Schwab shares to buy from neutral, saying that Schwab shares have limited risk of deposit flight risk.  READ MORE Read Now Banks are sweetening the interest rates on their CDs. Here's what you should know before you jump in   For investors in search of relatively safe yield, hiding out in a certificate of deposit is finally paying off. READ MORE Read Now VIDEO: Watch CNBC's full interview with DoubleLine's Jeffrey Gundlach   DoubleLine's Jeffrey Gundlach joins 'Closing Bell' to discuss interest rate hikes, the Fed's credibility following Silicon Valley Bank's collapse and solving the Fed's liquidity problems. WATCH VIDEO Watch Now Watch CNBC's full interview with Fundstrat's Tom Lee   Tom Lee, Fundstrat co-founder, joins 'Closing Bell: Overtime' to discuss the collapse of SVB and what it means for the markets and Fed. WATCH VIDEO Watch Now Watch CNBC's full interview with Interactive Brokers' Steve Sosnick   Steve Sosnick, Interactive Brokers chief strategist, joins 'Power Lunch' to discuss deposit insurance limits, the political response to Silicon Valley Bank's fallout, and more. WATCH VIDEO Watch Now Watch CNBC's full interview with Glen Kacher, founder and CIO of Light Street Capital   Glen Kacher, founder and CIO of Light Street Capital, joins 'Halftime' to discuss the FDIC backing Silicon Valley Bank deposits, the successor to SVB and the Fed's likely rate response to SVB. WATCH VIDEO Watch Now Become a Pro today with this special offer for more coverage and background on the SVB banking crisis. JOIN PRO Like getting these emails?  Subscribe to CNBC Pro today and get access to unlimited Pro articles, access to Pro live events, stock tips, and money-making investment ideas. Unsubscribe Digital Products Manage Newsletters Feedback Terms of Service Privacy Policy Join the CNBC Panel © 2023 CNBC LLC. All rights reserved. A property of NBCUniversal.   900 Sylvan Avenue, Englewood Cliffs, NJ 07632   Data is a real-time snapshot *Data is delayed at least 15 minutes. 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