It is rumored that the Biden administration has been discussing the US banking crisis with Buffett for several days.


[Financial Channel/Comprehensive Report] The successive failures of Silicon Valley Bank (SVB) and Signature Bank have aroused global attention.

According to foreign media reports, the Biden administration in the United States has been discussing the situation with Warren Buffett, the "stock god" over the past few days regarding the crisis in the banking industry.

"Bloomberg" quoted people familiar with the matter as reporting that in the past week, senior officials of President Biden's administration had many conversations with Buffett, and the conversations between the two parties mainly focused on Buffett's possible investment in the U.S. regional banking industry in some way.

It is reported that Buffett also provided broader advice and guidance on the current turmoil.

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The report pointed out that Buffett has long been helping banks in crisis, using their investment status and financial strength to restore confidence in troubled companies.

The White House and Buffett's Berkshire Hathaway did not respond to requests for comment on the report.

U.S. Treasury Department officials declined to comment.

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