March 23, 2023
US authorities consulted with billionaire Buffett on the banking crisis

Photo: Dennis Van Tine/imago images/MediaPunch/Global Look PressDennis Van Tine/imago images/MediaPunch/Global Look Press

According to the interlocutor of the agency, negotiations with billionaire Buffett were conducted by high-ranking officials from the Biden administration. At the same time, the source refused to specify who exactly conducted the consultation and what exactly was discussed. According to the agency, it is likely that the discussion could have focused on a possible injection of funds from Buffett into the US regional banking sector.

It could also be about possible recommendations regarding the current banking crisis in the country. On March 17, Bloomberg, citing sources, reported that the eleven largest US banks would invest $ 30 billion in the form of their own deposits in the California investment First Republic as part of the rescue of the credit structure. Including money will be provided by JPMorgan, and Citigroup.

Prior to this, Reuters, citing sources, said that financial analysts expect management (ECB) will raise the key rate by another 50 basis points (by 0.5%) – from the current 3% to 3.5% per annum. The tightening of the monetary policy of the foreign exchange regulator will be due to the bankruptcy of the large US investment bank Silicon Valley Bank (SVB).

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