Buffett has discussed banking crisis with Biden officials

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Buffett has discussed banking crisis with Biden officials

Warren Buffett has had discussions with senior Biden administration officials about the banking crisis, a source familiar with the matter told Reuters on Saturday.

The White House and U.S. Treasury didn't want to make a statement. According to Bloomberg News, Buffett had been in touch with administration officials in recent days about the regional banking crisis, Bloomberg News reported on Saturday.

The source didn't elaborate on the details of the discussions.

The collapse of Signature Bank and Silicon Valley Bank this month has shaken confidence in the banking system and caused a sell-off of banking stocks.