Warren Buffett hasn’t emerged yet as a white knight for regional banks in this current crisis. What he has done, however, is sidestep damage.
With the failure of three regional banks since March, and another one teetering on the brink, will America soon see a cascade of bank failures?
Washington stalemate on whether to increase US debt ceiling has raised risk of default as early as June and threatens fresh rout in financial market.
Fed Reserve Bank of St Louis Pres Bullard said policymakers will probably have to push rates higher but said he would wait and see what data shows.