Buffett has a history of bolstering US banks with investments during periods of economic stress.
During the calls, Buffett and administration officials purportedly discussed the possibility of the billionaire helping to stabilize the situation by potentially investing in the regional banking system.and Signature Bank of New York.
Buffett has a history of bolstering US banks with timely investments during periods of economic stress — most notably with a $5 billion infusion for Goldman Sachs as it struggled through the 2008 financial crisis. First Republic’s stock has remained under intense pressure despite last week’s move by the largest US banks to stage a $30 billion rescue of the troubled lender. Shares were down as much as 37% in premarket trading Monday, resuming their plunge from late last week.
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