'Nobody is going to lose money on a deposit in a U.S. bank...it's not going to happen,' Warren Buffett tells BeckyQuick.
The collapse of Silicon Valley Bank and Signature Bank last month — thein U.S. history — prompted extraordinary rescue action from regulators, who backstopped all deposits in the failed lenders and provided an additional funding facility for troubled banks.
"Bankers have been tempted to do that forever," Buffett said. "Accounting procedures have driven some bankers to do some things that have helped their current earnings a little bit and caused the recurring temptation to do get a little bit bigger spread on record, a little more than earnings." But the 92-year-old investor said there was unnecessary fear and panic about depositors losing their money, when the system is set up to protect the entire nation's deposits.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Why Warren Buffett is investing in Japan and how to know if you should tooBuffett has grown fonder of his favorite Japanese trading houses, hiking his already-large investments and teasing of more to come.
Baca lebih lajut »
Warren Buffett may buy more Japanese stocks as Berkshire eyes yen bondsWarren Buffett's Berkshire Hathaway may issue bonds priced in yen, potentially signaling more Japanese stock buys
Baca lebih lajut »
Warren Buffett-backed BYD announces new shock absorption tech for premium EVsElectric vehicle giant BYD is banking on new driver-assist technology to smooth out car rides and get the edge on its EV competition.
Baca lebih lajut »
Warren Buffett considering additional investment in Japanese stocks – NikkeiJapan’s media outlook, the Nikkei Asian Review, is citing that Warren Buffett is considering additional investment in Japanese stocks, per Reuters. Ad
Baca lebih lajut »
Japanese trading houses rise as Warren Buffett says he plans on buying moreBuffett said he was 'very proud' of these investments and that he plans to meet with the companies to emphasize Berkshire Hathaway's support.
Baca lebih lajut »
Japanese trading houses rise as Warren Buffett raises stakes and says he may buy moreBuffett said he was 'very proud' of these investments and that he plans to meet with the companies to emphasize Berkshire Hathaway's support.
Baca lebih lajut »