Reuters learned of the consultations of the US authorities with Buffett on the crisis

The discussion was focused on the fact that billionaire Buffett can invest in the US regional banking sector,clarifies BloombergWarren Buffett

Employees of the administration of US President Joe Biden held consultations with the founder of the financial holding Berkshire Hathaway, billionaire Warren Buffett regarding the banking crisis in the United States. it is reported by REUTERS, citing a source.

According to the source of the agency, high-ranking officials took part in the negotiations with the billionaire. The source declined to elaborate on the discussions.

BLOOMBERG also writes about Washington's consultations with Buffett, citing sources. According to them, several consultations took place last week.

The discussion focused on Buffett investing in the US regional banking sector, but the billionaire also offered advice and guidance on the current situation, the agency said.

Bloomberg recalled that Buffett had previously provided assistance to banks in crisis situations. For example, in 2011, Bank of America received a capital injection from a billionaire after its shares fell amid losses associated with subprime mortgages.

Warren Buffett is the CEO and minority shareholder of The Berkshire Hathaway, an investment and financial holding company that owns dozens of companies, including insurer Geico, battery maker Duracell, and restaurant chain Dairy Queen.

His fortune is estimated at $101.6 billion.

Over the years, he served on the boards of directors of the Washington Post, Coca-Cola and other companies. For unerring economic forecasts, the businessman was nicknamed the Oracle of Omaha.

The son of a US congressman, he first bought shares at the age of 11 and filed his first tax return at the age of 13.

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Silicon Valley Bank has become the largest US bank to fail in the 15 years since the 2008 crisis. SVB's problems arose after Silvergate Bank closed.

Axios wrote that the US administration must find a buyer for the bank and remove obstacles to its acquisition. Otherwise, the publication noted, the American banking system will face a crisis.

Treasury Secretary Janet Yellen announced on March 12 that the authorities would not bail out a bankrupt bank and buy bad loans from SVB. Later, the US Treasury, the Federal Reserve and the Federal Deposit Insurance Corporation announced that all SVB savers will be able to access their funds from March 13.

Due to systemic risks in the US, they also decided to close Signature Bank, which in many ways was similar to SVB.

After that, the American billionaire, founder of the hedge fund Citadel, Ken Griffin, said that the SVB aid package shows that American capitalism is "collapsing before our eyes." He felt that the US government did not need to take decisive action to support the bankrupt bank's depositors.