Warren Buffett said people should not be panicked about the banking industry or the safety of U.S. bank deposits, despite the recent failures of Silicon Valley Bank and Signature Bank. The billionaire chairman of Berkshire Hathaway Inc said that while more banks 'will go bust,' the industry's recent problems do not resemble those that helped trigger the 2008 global financial crisis. 'People shouldn't be worried about losing their money and their deposits they have in an American bank, but the message has gotten very confused,' Buffett, 92, said on CNBC.

https://business.inquirer.net/395673/buffett-do-not-panic-about-u-s-banks-and-deposits

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