Investing legend Warren Buffett believes there could be more bank failures down the road, but depositors should not ever be worried.
“We’re not over bank failures, but depositors haven’t had a crisis,” the Berkshire Hathaway chairman and CEO told CNBC’s Becky Quick on “Squawk Box” Wednesday from Tokyo. “Banks go bust. But depositors aren’t going to be hurt.”
RE: Warren Buffett says we're not through with bank failures - teaserteam - 12-04-2023
There were about 500 odd banks failed during the 2008 and they continue to fail for the next 4 year till 2012. Nobody will agree that there will be no more banking failure this time.