- Regional US banks at the heart of a crisis that’s shaken the country.
- Depositors have been fleeing regional lenders following the collapse of SVB Financial Group’s Silicon Valley Bank.
- Shares in First Republic Bank fell 13% after being cut to junk just days ago.
- FDIC got a deal for one failed lender: Signature Bank.
- Billionaire investor Buffett was in touch with the Biden administration about potentially providing aid.
US Banks on Bumpy Path as First Republic’s Troubles Persist
Just weeks ago, they were bit players in the giant US banking system. Now, a handful of regional lenders are at the heart of a crisis that’s shaken the country and engaged the likes of Warren Buffett and Jamie Dimon.
Sally Bakewell
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