A U.S. official said on Sunday that the deposit outflows that left many regional banks reeling in the wake of Silicon Valley Bank's failure had slowed and in some cases reversed, as investors tried to ascertain whether the crisis was contained.
deeper into junk territory, and warned that another downgrade was possible, citing the impact of deposit outflows.
Sources said on Sunday that First Republic was still trying to put together a capital raise but that no deal was imminent.At least four U.S. lawmakersthey would consider whether a higher federal insurance limit on bank deposits than the current $250,000 threshold was needed to inspire more confidence in the system.
Billionaire investor Warren Buffett, who helped rescue some banks during the 2008 financial crisis, has held discussions with senior U.S. officials about the banking crisis,The Federal Deposit Insurance Corporation , the U.S. regulator that took over Silicon Valley Bank and Signature Bank, made some progress on Sunday in returning one of them to the private sector.
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