Washington

Warren Buffett has been talking to the Biden White House about a possible investment in regional banks, report says

6 days ago   |   By Business Insider

Warren Buffett at an event in Washington DC in 2015. Paul Morigi/Getty Images
Warren Buffett has been talking to the Biden administration amid the banking crisis, per Bloomberg.
The billionaire talked to officials about a possible investment in regional banks.
Buffett has previously stepped in to help banks in crisis and also offered advice, per the report.
Warren Buffett has been talking to the Biden White House about a possible investment in regional banks, Bloomberg reported. The billionaire investor and Berkshire Hathaway CEO had multiple conversations with senior officials in the...
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Warren Buffett has weighed in on bank runs, bailouts and the dangers of insuring deposits. Here are 9 quotes that shed light on today's banking crisis

6 days ago   |   By Business Insider

Warren Buffett. Bill Pugliano / Getty
Three banks folded last week, stoking fears of a banking crisis and a financial firestorm.
Warren Buffett has weighed in on bank runs, bailouts, and deposit insurance over the years.
Here are nine of Buffett's most relevant and insightful quotes about banks.
Silicon Valley Bank , Signature Bank , and Silvergate have all folded in recent days, fanning fears of a banking-sector meltdown and full-on financial crisis. Warren Buffett, the world-famous stockpicker who runs Berkshire Hathaway , has been studying and investing in banks for more than five...
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Mid-size banks want all deposits insured for 2 years to avoid 'panic' and restore confidence, report says

6 days ago   |   By Business Insider

The Mid-Size Bank Coalition of America represents more than 100 lenders. Getty Images
A coalition of more than 100 mid-sized banks is calling for deposits to be insured for two years.
The Mid-Size Bank Coalition of America asked regulators to extend protection, Bloomberg reported.
It said action was needed to "restore confidence among depositors before another bank fails."
Federal regulators have been urged to protect all deposits for the next two years to prevent a wider run on banks following recent collapses, Bloomberg reported. The Mid-Size Bank Coalition of America, which represents...
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