First Republic Bank is rising after shares of the regional lender lost nearly half their value and sank to a new low on Monday, while Tesla's debt rating is upgraded to investment-grade status by Moody's. Read More...
TheStreet.com
Warren Buffett Offers Safety During New Bank Scare
Other financial institutions have been affected, including Signature Bank , First Republic Bank , and even Credit Suisse . During the chaos, prominent figures have been talking with Warren Buffett and his Omaha, Neb.-based diversified holding company Berkshire Hathaway . “We were not too surprised to see stories pop up over the weekend about Warren Buffett, CEO of wide-moat Berkshire Hathaway, being in conversations with the Biden administration about the banking crisis, as well as reports from the major news outlets that a large number of private jets have made their way to Omaha this weekend,” wrote Morningstar’s Greggory Warren on March 19.
