Warren Buffett 'in talks' with White House about investing in banking sector trends now
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Billionaire Warren Buffett is in talks to invest in the US regional banking sector amidst widespread industry panic not seen since the 2008 financial crisis.
Buffet, who has a history of stepping in to aid troubled banks, has reportedly had 'multiple conversations' with senior White House officials offering guidance about the current turmoil.
It comes after it emerged nearly 200 banks would fail if half of their depositors suddenly withdrew all of their funds following the sudden collapse of Silicon Valley Bank and First Signature bank.
Anonymous sources told Bloomberg that the calls between Buffett and President Biden's administration have centered around him possibly investing in the regional banking sector.
But they add he is also offering advice to officials about how to weather the storm as officials fear the failures will create a domino effect
