US Banking Industry at Risk: Warren Buffett to the Rescue?

Silicon Valley Bank (SVB) and Signature Bank have recently closed due to “systemic risk,” causing turmoil and anxiety in the financial market. According to a recent study, up to 186 banks in the US may have similar risks to Silicon Valley Bank.
On March 18th, Bloomberg reported that First Citizens BancShares Inc is evaluating a takeover bid for Silicon Valley Bank. At least one other potential buyer is reportedly considering purchasing the failed bank. Since the closures of SVB and Signature Bank, a large amount of deposits has flowed from regional banks in the US to some of the largest banks, including JPMorgan Chase and Bank of America. To prevent further deposit outflows, the Midsize Bank Coalition of America has asked US federal regulators to expand FDIC insurance to cover all deposits within the next two years.
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