×

Study warns 200 US banks at risk of implosion

A new study warns 186 American banks are at risk of a run, similar to that of Silicon Valley Bank. Recent interest rate hikes have decreased the value of US Treasuries, leading to deposit outflows causing bank insolvency. Moody's downgraded the outlook for the US banking system due to the "rapidly deteriorating operating environment."

Banking Crisis: Buffett Advises Biden’s Team, Possible Investment in Reg. Banks

Warren Buffett has reportedly been in talks with officials in President Joe Biden’s administration regarding a possible investment in the US regional banking sector amidst the ongoing crisis. The billionaire investor has a history of aiding banks in crisis and has given advice and guidance on the matter. The talks have centered around finding ways to stem the crisis without resorting to direct bailouts from taxpayers. Representatives for Berkshire Hathaway and the White House have yet to comment.