Breaking News
Get 40% Off 0
Is NVDA a 🟢 buy or 🔴 sell? Unlock Now

Warren Buffett in discussions with Biden officials on banking crisis-source

Published Mar 18, 2023 07:43PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
2/2 © Reuters. FILE PHOTO: Warren Buffett, Chairman, CEO and largest shareholder of Berkshire Hathaway takes part in interviews before a fundraising luncheon for the nonprofit Glide Foundation in New York September 8, 2015. REUTERS/Lucas Jackson/File Photo 2/2
 
SBNY
+4.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
BRKa
-1.81%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

WILMINGTON, Delaware (Reuters) - Berkshire Hathaway (NYSE:BRKa) Inc's Warren Buffett has held discussions with senior Biden adminstration officials about the banking crisis, a source familiar with the matter told Reuters on Saturday.

The White House and U.S. Treasury declined to comment. Bloomberg News reported earlier that Buffett had been in touch with administration officials in recent days about the regional banking crisis, Bloomberg News reported on Saturday.

The source declined to elaborate on the details of the discussions.

The collapse of Silicon Valley Bank and Signature Bank (NASDAQ:SBNY) this month has shaken confidence in the banking system and prompted a sell-off in banking stocks.

Warren Buffett in discussions with Biden officials on banking crisis-source
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (14)
Gary Piccone
Gary Piccone Mar 19, 2023 12:52PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Buffet walked away in a neck brace from shaking his head so much
marki bigjohnson
marki bigjohnson Mar 19, 2023 12:43PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Your lives are about to get interesting.
Jimmy Doodoo
JimmyD Mar 19, 2023 12:36AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
If I was Buffet I'd say, "Let's go Brandon!"
Maximus Maximus
Maximus Maximus Mar 19, 2023 12:36AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
warren doesn't do empty-headed maga slogans..
Jason Patcher
Jason Patcher Mar 18, 2023 11:30PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Biden will offer to buy oil if Warren buys a bank. hehe
Peter Chau
Peter Chau Mar 18, 2023 11:02PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
BTC is the safety . Hold your 25% asset in BTC. 25% in land , 10% gold and 40% new tech ( AI, three D , Genetic , new source of energy and storage , metaverse like MTTR )
Atlantic Coast Money
Atlantic Coast Money Mar 18, 2023 11:02PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
BTC is NOT SAFE
Jeremy Gautier
Jeremy Gautier Mar 18, 2023 11:02PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
lol noob
Pedro Martins
Pedro Martins Mar 18, 2023 11:02PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
another bust...
JIM VETTER
JIM VETTER Mar 18, 2023 10:55PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The only guarantee here is the common man will get screwed
Mar 18, 2023 10:53PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Looks like a good time to buy bank stocks lol
MAITRA COMMODITY
MAITRA COMMODITY Mar 18, 2023 10:32PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
gold is up at monday
Prabu Madurai
Prabu Madurai Mar 18, 2023 10:03PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
gold up down
Tom Troung
Tom Troung Mar 18, 2023 9:31PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
buffet to fed: buy and hold long term to weather bank turmoil
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email