Buffett, chairman of Berkshire Hathaway, has been in touch with senior officials in the Biden administration in recent days as the regional banking crisis continues to simmer. According to people familiar with the matter, the Biden team and Buffett have had multiple conversations in the past week. guide. Buffett has long helped banks in crisis, using his investment status and financial clout to restore confidence in struggling companies. In 2011, Bank of America received a capital injection from Buffett after its shares plummeted due to subprime mortgage losses. After the collapse of Lehman Brothers in 2008, Buffett also threw a $5 billion life-saving straw to Goldman Sachs to prop up the bank. In addition, U.S. regulators over the weekend introduced extraordinary measures to reassure customers, promising full repayment of uninsured deposits in failed banks. Shares of regional banks continued to fall this week amid fears of contagion.