🚨📣Warren Buffett 🗣️💬 Talks with Biden Team 💼🤝👥 on Investing in US Regional Banks 🏦 Amidst Crisis 📉↴
🏦💰 Warren Buffett has been talking with senior officials in President Joe Biden's administration about the ongoing regional banking crisis. They have been discussing the possibility of Buffett investing in the US regional banking sector to help restore confidence. Buffett has a history of aiding banks in crisis, such as Bank of America and Goldman Sachs in the past.
🤝📈 Biden's team has been arranging backstops to stabilize the crisis without requiring direct government spending from taxpayers, including the Federal Reserve's actions. Big US banks voluntarily deposited $30 billion to stabilize First Republic Bank this week.
🔒📉 US regulators have announced extraordinary measures to calm down customers, including promising to fully pay out uninsured deposits in failed banks. Despite this, shares in regional banks have continued to fall on fears the crisis will spread.
Comments