Denver Bankers, regulators and government officials have been dealing with a central question for days: How can trust in the US banking system be restored after the Silicon Valley Bank (SVB) went bankrupt? Star investor Warren Buffett is apparently also involved in the discussion.
The head of the Berkshire Hathaway conglomerate is in contact with high-ranking officials in the government of US President Joe Biden, the Bloomberg news agency reported on Saturday. Berkshire officials could not be reached for comment.
During the 2008 financial crisis, the star investor had already become active. When Buffett invests in a company, it’s often seen as a seal of approval by other investors. His holdings in Goldman Sachs and Bank of America brought much-needed stability to the US banking world at the time. They’ve also been hugely lucrative for Berkshire’s shareholders.
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