American Billionaire Expects to Invest in US Banking Sector

• Warren Buffett has been in correspondence with Biden’s officials.
• The multiple calls during the previous weeks are supposedly rooted in Buffett’s intention to invest in the US banking sector.
• It was also informed that Buffett has suggested the ways in which the financial turmoil could be mitigated.

Warren Edward Buffett, the American business magnate and CEO of the multinational conglomerate company Berkshire Hathaway, has reportedly been in correspondence with the senior officers in US President Joe Biden’s administration, possibly surrounding Buffett’s plan to invest in the US regional banking.

Notably, the people familiar with the matter informed that there had been a couple of conversations during the previous week, after the debacle of the three major banking companies, the Silvergate Bank, the Silicon Valley Bank (SVB), and Signature Bank.

Though the exact reason for the multiple calls that the businessman had with Biden’s officials is yet unclear, there are suppositions that Buffett is planning to invest in the American banking sector.

Interestingly, the people familiar with the matter, though reluctant to reveal their identities, consi…

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