America Banks Crisis: World famous billionaire Warren Buffett has contacted US President Joe Biden’s team to stop the banking crisis in America and find its solution. The outreach between Buffett and the Biden administration has been reported by Bloomberg news agency.
Warren Buffett can take special steps to prevent the crisis of Silicon Valley Bank, Signature Bank and Silvergate Capital Corp. It is expected that Warren Buffett is investing in the banking sector, but not much information has been revealed on this yet.
Several talks with Biden’s team
There have been several talks between Biden’s team and Buffett in the last one week. However, what have happened in this. Its information has not been shared, because this information has been kept private. It is expected that Buffett can make some big investments in the banking sector.
There is a history of overcoming the crisis
This is not the first time that Warren Buffett has come forward to help banks. Even before this, Buffett has a history of investing in the banking sector and helping in crisis. Bank of America Corp was helped by Buffett in 2011. After this, Buffett gave $ 5 billion to Goldman Sachs Group Inc. in 2008 to support the bank after the collapse of Lehman Brothers Holdings Inc.
Customer’s money will not be affected
During the last week, on behalf of the US administration, customers were told that the banking crisis will not affect their deposits. The US government had said that the money deposited in these banks can be withdrawn. When people need it, they can withdraw money.
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