[1/2] Warren Buffett, Chairman, CEO and biggest investor of Berkshire Hathaway participates in interviews prior to a fundraising luncheon for the not-for-profit Glide Structure in New York City September 8,2015 REUTERS/Lucas Jackson/File Image
WILMINGTON, Delaware, March 18 (Reuters) – Berkshire Hathaway Inc’s ( BRKa.N) Warren Buffett has actually held conversations with senior Biden adminstration authorities about the banking crisis, a source knowledgeable about the matter informed Reuters on Saturday.
The White Home and U.S. Treasury decreased to comment. Bloomberg News reported previously that Buffett had actually been in touch with administration authorities in current days about the local banking crisis, Bloomberg News reported on Saturday.
The source decreased to elaborate on the information of the conversations.
The collapse of Silicon Valley Bank and Signature Bank this month has actually shaken self-confidence in the banking system and triggered a sell-off in banking stocks.
Reporting by Nandita Bose in Wilmington, Delaware; extra reporting by David Shepardson in Washington, Urvi Dugar in Bengaluru, modifying by Deepa Babington
Modifying by Nick Zieminski
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