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. | Reuters
The Federal Deposit Insurance Corp insuresalso said he would bet $1 million that no American depositor would lose money from a bank failure in the next year.
nate the combined $2 million to charity.spoke from Tokyo, where he was visiting five large Japanese trading houses in which Berkshire invests.Subscribe to our daily newsletter
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